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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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The Challenges of Law Firm Risk Management

One of the stark new realities facing law firm leaders and managers across the country is a dramatic increase in the ris....

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How Law Firms Can Compete in the Middle Market in the UK

Looking across many European jurisdictions, similar trends are apparent in the way national markets are segmenting.....

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Different Styles of Law Firm Recruiting

When it comes to recruiting, law firms get as much out of their efforts as they put into them. As a result, is it a surp....

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Law Firm Client Feedback Strategies

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

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How to Prosper by Specializing

This is an exciting time to be a new partner in a law firm. The legal market has experienced several years of record pro....

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The War for Talent and Business Downturns

Law firms that take a short-term view on talent during an economic downturn will find themselves paying the price. Rathe....

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Lessons on Retention and Money

''Sir, she said, ''you see before you one who, like our Sainted Lincoln, burns to serve through the medium of the law.''....

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The New Managing Partner

This year, the managing partners in a number of law firms around the country will step down from their posts and watch a....

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How to Address Associate Attrition

Retain More Associates by Taking a New Approach to Training and Development A recent study confirms what training and d....

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The Old Law Firm Model No Longer Works

Unless you've been in the cast of ''Survivor,'' you are aware that associate salaries have taken a dramatic jump in rece....

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How to Retain Associate Talent

Law firms are in an enviable position—the demand for legal services is at an all-time high; profits are growing by lea....

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Steps to Attract and Retain Female Partners

It seems as though the number of female partners currently working in law firms is becoming fewer and fewer these days. ....

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Identity Crisis: Law Firms' Stringent Vetting of Partner Candidates Reaches a New Level

Having spent the past week vetting resumes from partner candidates who are exploring the market, something from my colle....

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Standing Out from the Crowd: A Former In-house Attorney's Perspective on the Role of Effective Outside Counsel

In these crazy economic times, companies of all shapes and sizes are exploring ways to minimize their operating expenses....

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The Market Will Decide the Price of Legal Services, Not Wal-Mart

I was recently quoted in IPLaw360 in a piece on Wal-Mart's ill-conceived memo trying to rein in associate rates charged ....

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