Law Firm Business
BigLaw strategy, revenue, profitability, lateral partner moves, firm mergers, and partnership economics
Elite Boutiques Outpace BigLaw with Swift Lateral Partner Moves
Elite boutique law firms lead lateral partner hiring and compensation agility, reshaping BigLaw competition in 2026.
Winston & Strawn, Taylor Wessing Merge to Form $1.75B Transatlantic Firm
Winston & Strawn and Taylor Wessing merged June 2026, creating 1,400-lawyer firm Winston Taylor with $1.75B revenue, reflecting global BigLaw growth.
Big Tech Expands Legal AI, Shaking Up Law Firm Competition
Major law firms and Big Tech companies accelerate AI legal tools development, reshaping legal services and market rivalry.
Davis Polk, Cravath Match Milbank’s $225K Associate Salaries in 2026
Major U.S. law firms, led by Milbank, have increased first-year associate salaries to $225K as of July 2026, intensifying compensation competition.
Winston & Strawn Sees Partner Exodus in Texas Amid Merger Plans
More than a dozen partners have left Winston & Strawn's Texas offices amid its 2026 merger with Taylor Wessing, signaling internal disruption.
Boutique Firms Lead BigLaw in Speedy Associate Pay Raises
Boutique law firms in the US are outpacing BigLaw with faster, higher associate salary raises, reshaping talent management.
BigLaw Firms Shift Partner Pay with Bonuses and Performance Cuts
BigLaw firms like Debevoise & Plimpton are changing partner pay with bonus pools and possible mid-year cuts, affecting retention and morale.
Kirkland Tops $10B Revenue as BigLaw Partner Pay Gaps Widen
Kirkland & Ellis tops $10.6B revenue in 2025; BigLaw sees growing partner pay gaps and a 9.4% rise in lateral partner hiring impacting firm economics.
Milbank Sparks 2026 BigLaw Pay Race with New Associate Salaries
Milbank's June 2026 associate salary hikes have triggered swift matching by firms like McDermott and Susman Godfrey, shaping BigLaw pay trends.
AI’s Legal Shake-Up Mirrors Interstate Highway Revolution
Legal professionals face transformative AI impact akin to interstate highways, reshaping practice culture and operations.
BigLaw Firms Escalate 2026 Pay War with Higher Associate Salaries
In 2026, major U.S. law firms like Milbank and Susman Godfrey raise associate salaries and bonuses aggressively, intensifying recruitment competition.
Boutique Firms Match Milbank's $455K Salary, Lead Litigation Rankings
Milbank and elite boutiques align associate salaries at $455K, reshaping litigation firm compensation and recruiting for legal pros.
BigLaw Profits Soar as Firms Tighten Equity Partnership Doors
Leading US law firms report record profits but limit equity partner promotions amid shifting partnership models.
Susman Godfrey’s 2026 Salaries Competitive but Vary vs. Market Raises
Susman Godfrey’s 2026 salary scale offers competitive pay above market for mid-level associates but aligns or trails at entry level amid BigLaw raises.
BigLaw Firms Shift from Lockstep to Market-Based Partner Pay Models
Top BigLaw firms like Debevoise and Cravath adopt market-driven partner compensation, reshaping partnership dynamics and talent strategies.
Legal Industry Tech Spending Climbs 9.7% Amid Rising AI Adoption
Law firms increase tech budgets 9.7% in 2025, driven by AI adoption and shifting client demands, boosting profits and reshaping operations.
BigLaw Equity Partner Pay Gap Widens with 40-to-1 Ratios
2025 data reveals growing pay disparities among BigLaw equity partners, with the highest PEP hitting $12.15M and average pay ratios at 12.3-to-1.
Milbank Raises Salaries to $235K, McDermott Matches Promptly
Milbank raises associate salaries to $235,000–$455,000 effective July 2026, prompting quick match by McDermott Will & Emery in BigLaw pay battle.
Time Crunch Slows AI Adoption in Solo and Small Law Firms
27% of solos and 33% of small firms say time limits AI adoption; over 70% use AI but few see revenue growth yet.
Sidley Austin Promotes 52 Partners via New Nonequity Tier
Sidley Austin announces largest partner class with 52 promotions, leveraging a nonequity partnership model that signals a shift in BigLaw structures.