Oct 27, 2024 View in Browser

ALM | Law.com International

Morning Update

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A Message From the Editor

Good Morning. We're looking at the modifications Clifford Chance has made to its lockstep to better reward top talent. We're also looking at the rise in average partner pay in Big Law, both at the equity and nonequity tiers. And The Global Lawyer looks at the legal industry's stubborn attachment to the billable hour, even in the face of client scrutiny and the efficiencies brought by artificial intelligence.

– Lisa Shuchman, Executive Editor, Law.com International

 

The Price of Time: Should Law Firms Sell Minutes or Value?

By Caroline Byrne

As the legal industry grapples with the rise of AI, the once-immutable billable hour faces unprecedented scrutiny. Read More

 

Law Firm Management

Average Partner Pay 'Surges' in Both Equity and Nonequity Tiers

By Andrew Maloney

The average origination amount for a partner also shot up last year, amid a general trend of partners maintaining bigger... Read More

 

Law Firm Management | Analysis

Can AI Beat the Billable Hour? Legal Tech Firms Say Selling AI Products to Law Firms Still a Challenge

By Natasha Teja

In-house teams continue to make up the majority of legal tech company clients and profit growth, tech leaders say. Read More

 

Litigation | News

Airbnb Prevails in French Competition Litigation But French Hotel Union Vows to Appeal

By Rick Mitchell

French firm Bredin Prat is defending the U.S. short-term lodging rental platform against a hotel trade group's litigation... Read More

 

Career Development | News

Clifford Chance Further Modifies Lockstep to Better Reward Top Performers

By Habiba Cullen-Jafar

The top of equity at the firm can now reach £12 million, according to one person familiar with the matter, amid... Read More

 

Law Firm Office Launches and Closures | Features

Is Saudi Arabia's Khoshaim & Associates' Abu Dhabi Debut a Harbinger of Change?

By Peter Shaw-Smith

Sources indicate that a reversal in traffic, that has to date overwhelmingly moved in the other direction, could be... Read More

 

General Counsel and In House Counsel | News

Report Spotlights Bullying, Harassment Facing In-House Lawyers

By Jack Womack

The report, produced by The Eagle Club, highlights the harassment, victimisation, gaslighting and exclusion suffered... Read More

 

Corporate Governance | News

White & Case Brought in as Mike Ashley Demands Boohoo CEO Role

By Habiba Cullen-Jafar

The fast-fashion retailer is undergoing a strategic review, having earlier this week secured a £222 million debt... Read More

Resources

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