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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 Get Great Results from Your Legal Recruiter

The stakes—time, money, or firm-wide resources—are always high when you embark on a search for a lateral hire. And t....

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A Checklist and Questionnaire for Law Firms to Use When Hiring Lateral Partners

Going in for a lateral partner recruitment involves looking into a lot of details and making sure that all the mundane b....

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How to Recruit Great Lateral Attorneys

Many of the practices that lead to successful lateral hiring are basic common sense. In many instances, however, BCG Att....

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How to Identify Lateral Attorneys Capable of Becoming Good Partners

Today, most lateral associates enter their new firms with the understanding that the position is actually an opportunity....

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The Return of a ''Buyers' Market: Suggestions to Law Firm Recruiting Coordinators for How to Best Navigate the Changing Legal Market in 2011''

Although, for some, it seems a long way off, most of us recall the booming legal market in late 2007/early 2008 as a tim....

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Knowledge Management in the Law Firm

Firms must be creative to find and capture elusive information.FORMAL knowledge management programs are built on the pro....

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Understanding Knowledge Management in Your Law Firm

Some firms are still trying to figure out what knowledge management (KM) means and how it relates to their business. Lea....

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Marketing Your Law Firm Through Practice Groups

Practice Groups are increasingly becoming the way law firms manage their businesses, including a significant component o....

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The Smartest and Dumbest Things Law Firms Do

The Dumbest Things Law Firms Do....

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Marketing and Business Considerations for Law Firm Ancillary Businesses

There are many reasons why law firms are choosing to engage in the development of ancillary businesses, and many law fir....

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Tools Law Firms and Lawyers Need in Seeking Out Business

The activities that comprise a law firm’s marketing mix–business development, promotion, and client care almost alwa....

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How to Move Past Promotion for Your Law Firm

When law firms first began to develop marketing programs the focus was largely on communications and promotion, and thei....

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The Difficulties of Delinquent Accounts in Law Firms

Cash flow is the most important financial variable of businesses of all types and sizes, including law firms. Delinquent....

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Law Firm Profit Components

Would anyone advise a commercial entity with multiple business lines to operate in an environment in which management do....

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Overhead Costs of Ancillary Businesses

Seeking to differentiate their firms in a competitive legal marketplace by providing a broader range of services, an inc....

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