Lateral Link’s Post

Chicago continues to be a top destination for AmLaw Firms, attracting the second-highest number of top 200 firm entrants last year. So it's no surprise that Alston & Bird has come to play, given its clientele in Chicago and the surrounding area. But it's a competitive market, to be sure, and having strong ties to the region is key to a firm's success. #ChicagoLegalMarket #AmLawFirms #BigLaw #LateralLink

As Am Law 200 firms continue to see increased demand, Partner Mara Cohara spoke with The American Lawyer about Lathrop GPM’s efforts to strengthen its bench and add depth. So far in 2024, the firm has welcomed eight new lateral partners to the firm including, most recently, Brent Vincent, who joined the firm in Chicago last week.  Read the full article here: https://bit.ly/3wq0eKh #LawFirmGrowth #LathropGPM

Join us on September 10th at 8:30am for our first Sadis Virtual Business Breakfast of the fall season. This event will be hosted by Paul Marino, head of our corporate practice, along with Peter Tannenbaum from Ramax Search, Inc.. Don't miss out on a great opportunity to collaborate with industry leaders and engage in discussions about the latest trends in business law. Register today by visiting our website: https://lnkd.in/emW9x968 #SadisandGoldberg #Sadis #NewYorkLaw #CorporateLaw #BusinessLaw #CorporatePractice #LawSeminar #LawWebinars

There's much to unpack with respect to this year's AmLaw 100! But for those interested in its most basic results, below are the new rankings by gross revenue. Kirkland & Ellis became the world’s first $7 billion law firm, and gross revenue across the top 100 firms was up 6.8%. Overall, the industry bounced back from a challenging 2022 to post gains in almost every metric. Not reflected in this chart but of note: average compensation of all AmLaw 100 partners increased by 6.2% in 2023 (with nearly three-quarters of firms seeing a boost); RPL was up by 4.9% to $1.21 million; and PEP jumped 9.3% to $2.80 million. Wachtell set a new industry high for average PEP hitting $8.5 million! All told, performance was impressive -- especially given 2023 was the slowest year for M&A transactions in a decade. I'm happy to get into the weeds with any fellow nerds.... #law #lawyers #lawfirms

BigLaw BigGroups Feel free to reach out for a confidential discussion of current lateral opportunities - partner , group or merger options .

Nonequity Partner Growth Kicks Into High Gear Several Am Law 100 firms grew their income partner ranks by double-digit percentages in 2023. Multiple factors are pushing firms to rapidly expand this tier of partners, observers say. Cravath, Swaine & Moore LLP Fenwick & West Fried Frank Gibson Dunn Kirkland & Ellis Milbank LLP Paul Hastings Paul, Weiss, Rifkind, Wharton & Garrison LLP Willkie Farr & Gallagher LLP Vinson & Elkins #amlaw100 According to the 2024 Client Advisory from Hildebrandt Consulting and Citi’s Global Wealth at Work Law Firm Group, 83% of large firms said they expected to increase their income partner population over the next two years—a figure the authors described as a “staggering jump” from the 68% of large firms who projected growth in that group the previous year.

Willkie Farr & Gallagher LLP opens in Dallas With 3 Haynes and Boone Private Equity Partners! Willkie Farr & Gallagher's strategic move to expand into Dallas is a testament to the firm's commitment to serving its clients and seizing opportunities for growth. By bringing aboard three seasoned private equity partners from Haynes and Boone, Willkie not only strengthens its presence in Texas but also bolsters its capabilities in key practice areas. This expansion aligns with the evolving needs of clients in Dallas and reflects Willkie's dedication to providing top-notch legal services across various industries, including energy and beyond. Read the full article here: https://ow.ly/CH9550Ryr8N #LawFirm #USLaw #UKLaw #LegalTalent

How can you boost law firm leads and client service? Join us on June 18th for a powerhouse webinar featuring Brian Pappalardo (Founder, Leadli), Brittany L. Hernandez (Head of Legal Innovation, Gavel), and Ashley Stepps (Managing Partner, Rippy, Stepps & Associates). This group will share strategies to acquire and manage clients, seamlessly engage with them using integration tools, and real-world success stories they’ve witnessed. Register now! 👉 https://lu.ma/d1ok0aps #LegalTech #LegalClientIntake

Results for the 2024 AmLaw 200 are out! The meaningful stuff is behind the numbers, of course. But top-line/big picture, the second hundred firms grew gross revenue by an average 5.9% in 2023 -- which is greater than its 2022 increase (4.2%), but smaller than the comparable 2023 figure for the AmLaw 100 (6.8%). This survey provides so many useful metrics! Below are the rankings by revenue -- which is one of them. #law #lawyers #lawfirms

Seed IP Law Group is proud to announce the following attorneys have been selected to the 2024 Washington Rising Stars list: Blake Kumabe, Toby Ligon, and John Morgan. To learn more about this, please click here https://lnkd.in/gMyTvrda. #SeedIP #IPLaw #LawFirm #IPLawyer #patents #trademarks #SuperLawyers #RisingStars