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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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Why Law Firms Should Restructure Immediately

Just what is going on here? Consider these headlines:....

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Law Firm Strategic Positioning

Several years ago, an article appeared in the McKinsey Quarterly commenting on the state of the legal profession.....

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Implementing Practice Management After Law Firm Mergers

When two firms merge, it is an opportune time to take a fresh look and reassess the combined firm's practice management ....

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Making Your Firm a Great Place to Work

In its February 4, 2002 issue, Fortune magazine published its fifth annual list of the ''100 Best Places to Work.'' Fou....

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Capitalizing on a Law Firm's Growth—Is Bigger Better?

Many law firms have grown dramatically over the past few years. The challenge for any firm that has experienced fast gr....

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Law Firm Management for Peak Performance

Many law firms have been implementing new practice group structures—or have made significant changes to their existing....

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Business Planning for Practice Groups

To prosper and grow, law firms of all sizes must create strategic business plans for their individual practice groups. A....

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How to Achieve the Benefits of Practice Management

Changing Market for Legal Services Places New Focus on Practice Management Law firms are recognizing that the days of op....

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How to Keep and Attract the Best and Brightest Talent

Take steps now to be a victor in the ongoing war for legal talent As needs for legal services become increasingly comple....

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How to Get Client Feedback

Obtaining client feedback serves many purposes—from helping firms make decisions based on fact to testing assumptions ....

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Managing Partners as Chief Executive Officers of Law Firms

In 1977 at the World Future Society conference in Boston, Ken Olsen, Chief Executive Officer of Digital Equipment Corpor....

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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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Making Partners without Problems

In every law firm there is a period during the year when the tension rises in anticipation of the announcement of new ad....

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Taking a Fresh Look at Setting Compensation for Managing Partners

Good managing partners can be worth their weight in gold, yet many firms regard them as overhead when determining how th....

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How Law Firms Can Maintain Balance in Economic Downturns

Short-term and long-term tactics for managing in the economic downturn.....

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