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Elite Law Firm Partner Compensation: Inside the $25M+ BigLaw Earnings Landscape

Elite rainmakers at the very top of BigLaw quietly operate in a different economic universe—and Elite Law Firm Partners: The $25M+ Compensation Landscape Report pulls back the curtain on that world. This report from BCG Attorney Search maps out how a small group of partners reach $25 million+ in a....

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States With No General Bar Reciprocity: What Attorneys Need to Know | BCG Attorney Search

Bar reciprocity—also known as admission on motion—is a critical consideration for attorneys planning to relocate, expand their practice across state lines, or pursue new career opportunities in different jurisdictions. Understanding which states offer reciprocity and which do not can significant....

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Law Firm Culture: How to Identify, Compare, and Thrive in the Right Environment

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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Why Lawyers at Every Stage Struggle: The Hidden Costs of Lacking Focus in Your Legal ....

In the cutthroat arena of legal careers, where specialization is the currency of success, indecision can derail even the most promising paths. Whether you're a law student frozen during OCI interviews, a new attorney fresh off the bar exam juggling mismatched clerkships, or an experienced lawyer in ....

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The Legal Career Specialization Imperative: Why 'Open to Anything' Fails and Focused ....

In today’s competitive legal market, attorneys who present themselves as “open to anything” often struggle to stand out. Law firms and employers are drawn to candidates who demonstrate clear focus, specialized expertise, and a well-defined career trajectory. By positioning yourself around a sp....

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Talk and Listen to Your Clients

Now, more than ever. If your firm has ever considered conducting formal client feedback interviews, but has been unable ....

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Taking Action Based on Client Preferences

Way back when, lawyers served as holistic counselors to their clients, offering sage advice in a host of areas, includin....

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Retiring Partners and Unfunded Law Firm Commitments

The issues surrounding retiring partners and compensation have created problems for many law firms. While not universall....

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The Argument for Eliminating Lock-Step Partner Compensation

Eliminate Lock-Step Model and Reward Performance, Not Time ServedBeginning at the end of 1999, law firms began accelerat....

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Think Differently, Specialize and Prosper

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 Price of Leadership in Law Firms

Simply put, if the job of a manager is "to make the trains run on time," the job of a leader is to ask where we should l....

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Capital Planning for Law Firms

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

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Pay to Win—How to Make Your Law Firm's Compensation System an Asset

Nothing can create more tension and controversy in a law firm than partner compensation. At their best, compensation sys....

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Planning for Partner Retirement

A partner’s retirement can have an adverse financial impact on a law firm unless proper planning is done. This is part....

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The Emphasis on New Clients and Partner Compensation

There are as many variations of partner compensation plans as there are law firms. Most are well intended and targeted a....

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Can Partnership ''Survive'' in Modern Giant Law Firms?

One of the most striking changes in the evolution of the American legal market over the last 20 years or so has been the....

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How Mid-Sized Firms Can Survive

Has your firm identified its business goals for this year (and beyond)? Have you developed long-term strategies for secu....

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Compensation Issues

At too many firms around the country, the primary roles of the first-year associate are pretty simple: Generate a signif....

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Law Firm Retirement Plans

Don't be deceived. Unfunded retirement plans are antiquated relics that can drain valuable resources and severely limit ....

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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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