Law Firm Business
BigLaw strategy, revenue, profitability, lateral partner moves, firm mergers, and partnership economics
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.