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Law Firm Partner Compensation: Equity vs Non-Equity and ROI Explained

Law firm partnership has never been a simple “make partner and share profits” milestone. Today’s partnership landscape is increasingly tiered, metric-driven, and designed to manage firm profitability—often by expanding non-equity roles while concentrating equity ownership. This recent report....

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The World's Largest Law Firms by Revenue in 2025

The global legal industry is a cornerstone of modern economies, generating immense revenue while addressing the complex needs of corporations, governments, and individuals. At the forefront of this sector are the world’s largest law firms, ranked by revenue, often dubbed "Big Law." These firms wie....

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How to Evaluate Law Firm Culture for Career Growth

Executive SummaryLaw firm culture profoundly shapes attorney satisfaction, retention, and advancement. With associate attrition fluctuating between 18–26% in recent years and major gaps in work-life norms across firm types, aligning with the right culture is a career-critical decision.....

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Winning the War for Talent: My Guide to Recruiting, Compensating, and Growing Small Law ....

Over my 25‑year career in legal recruitment, I’ve seen firsthand how small law firms and solo practitioners face unique challenges in hiring top legal talent and sustaining long-term growth. In one particularly candid conversation with a Houston-based firm owner, I discussed the hurdles of high ....

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Why Attorneys Leave Law Firms: The Real Reasons Behind Attorney Turnover and How to Build ....

The legal profession is facing an unprecedented crisis: 20% of law firm associates left their positions in 2024, according to the latest NALP Foundation report—up from 18% in 2023. Meanwhile, attorneys report feeling burned out 42% of the time, with mid- and senior-level associates experiencing bu....

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How to Measure Whether a Merger is Successful

The rapidly accelerating rate of consolidation in the legal profession continues to capture the attention and interest o....

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UK Law Firm Mergers with US Firms

A few years ago, many were predicting that the legal industry would see an overwhelming number of mergers between U.S. f....

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Typical Obstacles to Mergers

As the economy changes pace, more firms than ever are shifting their focus from acquiring new associates to procuring pa....

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The Importance of Integrating Associates in Firm Mergers

Long before most mergers are put to a vote, merger committees define and analyze the new firm's financial prospects, pra....

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How to Tell if Partners Are Ready to Merge

Recently, it seems that most publications focusing on the state of the legal industry include a line or two on firms tha....

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Practice Management

Changing Market for Legal Services Places New Focus on Practice ManagementLaw firms are recognizing that the days of ope....

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Avoiding Merger Minefields

It's no secret that there is an intensifying rush to consolidate within the legal profession. And of course, we expect t....

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Law Firm Business Fundamentals: How to Run a Successful Law Firm

Firms that take the time to address business fundamentals now will be stronger now than they were before. This is an ide....

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Why & How Law Firms Need to Plan Strategically to Stay Competitive

Firms need to think strategically to remain competitive while also retaining strong management systems.Strategic thinkin....

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Making Sure Your Law Firm Will Not Fail

In the early 2000s, in the midst of an extremely strong legal market, a surprisingly large number of law firms failed or....

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Managing Strategically, Managing Operationally

One of the most significant challenges for law firms in the current economic and competitive climate is managing effecti....

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How Law Firms Can Survive a Tough Economic Legal Market

How can you know if your firm is at serious risk? And, what can you do to avoid trouble on the horizon? The following ar....

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Issues Law Firms Should Consider in Slowing Business Climates

In the past, many law firm leaders proclaimed, ''Last year was our best year ever.'' Now, after years of double-digit re....

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The Importance of Law Firm Capital Planning

As law firms review their capitalization, they need to consider the costs of operations and strategic initiatives as wel....

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Warning Signs for a Troubled Legal Market

Some of these warning signs are economic based, and are thus ''measurable,'' while others involve intangibles and percep....

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