Christine Simmons

A&O Shearman is now following the trajectory of other big law firm mergers that saw partner cuts shortly after deal completion.

Large law firms continue expanding their nonequity tiers each year, as firm management exerts tighter control over who receives firm profits.

Where will the free-agent system of Big Law take us?

The firm, which signed its lease for the space in 2019, said on Monday it completed the relocation.

The firm, which signed its lease for the space in 2019, said on Monday it completed the relocation.

Instead of moving lawyers to the equity ranks, or keeping them as associates or counsel, there is a shift inside Big Law to make more lawyers salaried partners.

In the race to increase profits and attract the best talent, law firms are now caught in a conundrum in adjusting partner compensation.

We know from experience that witnesses in such investigations are often reluctant to speak freely when they know their statements will be made public.

The transaction—which is facing some opposition—is expected to close in the second or third quarter of 2024.

The firm has seen six global leaders depart the firm this year, including four since the exit of the former global CEO.

It was clear that if we didn’t approve the pension, the [Allen & Overy] deal wasn’t going to go through,” a retired Shearman partner said.

As one of The American Lawyer’s Litigation Department of the Year finalists, Cravath’s litigation team is at the ready to handle any complex, pivotal case that comes its way.

The Wall Street firm may keep its same approach in firm operations for as long as possible, whether it’s the firm’s lockstep compensation system, partnership structure or practice-area focus.

In the 2023 economy, there appears to be no clear direction for the bulk of law firms, unlike 2021 and 2022. Law firms are pursuing a variety of trajectories, in a tale of two markets.

Cravath's new partner class includes one woman.

In order to lure over top rainmaking partners from a rival, law firms are taking steps to make sure their pay packages and partner compensations systems are competitive.

Firm chair Mark Morris said Aboyoun Dobbs has been the “go-to firm for automobile dealerships in the tri-state area since its founding in 1989.”

Robert Kindler is reuniting with Paul Weiss partner Scott Barshay, after both previously practiced at Cravath.

A growing concern of declining law firm profits is the long-term effect on associates, including lack of training, performance reviews that lead to cuts, and some law firms reshuffling their associate ranks to right-size their class years.

Forrest is one of several lawyers who have now left the elite firm even after it changed its lockstep partner compensation system to a modified version.