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News from the Legal Profession

The American Lawyer reports that after years of globalization, some firms are pulling back to focus on building a stronger platform in the world's most lucrative legal market. According to the article, the United States remains the world’s largest, strongest and most lucrative legal market. A...

The American Lawyer released their annual Global 100 report, a ranking of the world’s 100 largest law firms by gross revenue, profits per partner, and total attorney headcount. Overall, gross revenue for the Global 100 grew by 6.4 percent to $105.7 billion, and profits per equity partner...

How do successful leaders and firms manage their compensation expectations in a record financial year? A recent article by The American Lawyer investigates, positing that some of the most effective means for managing the compensation expectations of partners include structural elements in their compensation system, leadership...

Certain Midwest and second-tier markets, in terms of population, have garnered particular interest from large law firms, especially those that serve middle-market clients, reports Lizzy McLellan of The American Lawyer. According to statistics from AmLaw’s latest NLJ 500 survey, the number of lawyers at NLJ 500...

The American Lawyer released its annual A-List rankings of the top 20 “most well-rounded” law firms in the United States. Firms are ranked based on a combination of factors including revenue per lawyer, pro bono commitment, racial diversity, associate satisfaction and percentage of female equity partners. Ropes & Gray ranked No.1 on this...

The American Lawyer reports that recent data released by ALM Intelligence shows female attorneys have ascended into Big Law's partnership ranks at a faster pace than ever before in the wake of the #MeToo movement. According to the analysis, the pace of promotions for female lawyers since...

The American Lawyer reports on a mistaken and dangerous belief pervading the current U.S. legal market: that it is consolidating as larger firms grow more quickly than the market by taking share from their smaller rivals. However, an in-depth analysis of Am Law data over the...