Law Firm Business
BigLaw strategy, revenue, profitability, lateral partner moves, firm mergers, and partnership economics
Top Law Firm Awards Summer Bonuses Up to $35K in 2026 Pay Push
In June 2026, a leading law firm gave summer bonuses up to $35,000, highlighting rising pay trends affecting legal recruitment and retention.
Hogan Lovells and Cadwalader Merge, Launching New Global Law Firm
Hogan Lovells and Cadwalader merged on June 1, 2026, creating a $3.9B firm amid an industry consolidation wave impacting global legal services.
Hanson Bridgett Fully Adopts Claude AI in Legal Workflows
San Francisco's Hanson Bridgett integrates Anthropic's Claude AI across legal workflows for enhanced efficiency and innovation.
Legal Industry Sees Surge in Mid-Year Bonuses, Signaling Strong 2026
Data reveals significant increase in 2026 mid-year bonuses for legal professionals, highlighting robust law firm health and talent retention efforts.
BigLaw Lateral Hires Surpass Entry-Level for First Time in 2025
In 2025, BigLaw firms hired more lateral associates than entry-level lawyers, reshaping legal careers and talent strategies amid AI adoption.
Kirkland Managing Partner Calls for Mental Health Openness to Combat Burnout
Kirkland's Jon Ballis urges open mental health dialogue to reduce legal burnout and improve retention amid rising stress in law firms.
In-house Teams Lead Litigation, Challenging Law Firms' Roles
In-house legal teams increasingly initiate litigation, prompting firms to rethink strategies amid shifting client dynamics.
Debevoise Adds Bonus Pool to Lockstep Partner Pay Model
Debevoise & Plimpton introduces a partner bonus pool, updating its lockstep compensation to reward performance and lateral hires amid evolving BigLaw pay trends.
BigLaw Firms Expand While Slashing Staff as Tech Transforms Operations
Major law firms like Foley & Lardner and Baker McKenzie are growing and adopting AI, but also laying off staff, signaling a shifting BigLaw business model.
Quinn Emanuel and Greenberg Glusker Lose Veteran Partners in May
Quinn Emanuel and Greenberg Glusker mourn the May 2026 deaths of influential senior partners Harry A. Olivar, Jr. and Arthur N. Greenberg, raising questions about firm leadership.
Supreme Court Lets Lower Courts Resist Dobbs, Bruen, and SFFA Rulings
Lower courts are pushing back on Supreme Court decisions—Dobbs, Bruen, SFFA—while justices increasingly decline to enforce their own precedents, affecting litigation strategy.
Law Firms Shift to Structured Business Development Plans for Revenue Growth
Law firms and lawyers are adopting detailed business development plans, abandoning ad hoc tactics to drive measurable revenue and advance careers amid tougher client demands.
Clio Hits $500M ARR as Legal Tech Sees Surge in AI Adoption
Clio reaches $500 million in annual recurring revenue, underscoring legal tech’s rapid growth and AI-driven transformation amid Anthropic’s rising market influence.
Kevin Warsh Confirmed as Federal Reserve Chair Amid Inflation Surge
Kevin Warsh was confirmed as Federal Reserve Chair by a 54-45 Senate vote, taking the helm amid persistent inflation and heightened scrutiny over Fed independence.
A&O Shearman Eyes Nonequity Partner Tier After BigLaw Shift
A&O Shearman is considering a nonequity partner tier, joining a growing number of elite law firms changing their partnership structure in 2024 and 2025.
Shearman & Sterling Loses 8% of Partners as BigLaw Lateral Moves Surge
Shearman & Sterling reports 8% partner attrition—reflecting escalating lateral movement and structural shifts in U.S. BigLaw. Lateral hiring reached a six-year high in early 2026.
Byron Allen Buys 52% of BuzzFeed, Becomes CEO in $120M Media Deal
Byron Allen acquires a 52% controlling stake and becomes CEO of BuzzFeed in a $120M deal, raising regulatory, antitrust, and governance questions for media law professionals.
Texas State Bar Honors 2026 Pro Bono Excellence Award Recipients
The State Bar of Texas recognized outstanding individuals and organizations for exemplary pro bono legal service in civil matters, spotlighting access to justice.
John Quinn Steps Down as Quinn Emanuel Managing Partner After 40 Years
Quinn Emanuel founder John Quinn steps down as managing partner after 40 years, with new co-leaders at one of the world's top litigation law firms.
Keith Maziarek: AI Is Reshaping Law Firm Pricing Models
Legal pricing expert Keith Maziarek explains how AI is driving radical shifts in law firm economics, challenging billable hours and promoting value-based billing models.