Amanda Brandenburg’s Post

💼 Kudos to Steptoe LLP for Thinking Outside the Box! It’s refreshing to see a major law firm like Steptoe reimagining associate compensation with 𝙛𝙡𝙚𝙭𝙞𝙗𝙞𝙡𝙞𝙩𝙮 at its core. Starting in January, the firm will offer associates three billable-hour tracks—ranging from 1,800 to 2,200 hours—with corresponding pay scales. This model gives associates a real choice: 📌 Prioritize higher compensation with a higher-hour track. 📌 Opt for better balance with reduced hours. 📌 Even choose a below 1,800-hour option for those in a season of life needing more flexibility. All tracks include 200 hours of pro bono/nonbillable work, and bonuses are thoughtfully structured for hitting or exceeding targets. It’s a big win for associates who want ownership over their career paths, whether that’s maximizing earnings, focusing on family, or pursuing other personal priorities. 👏 Steptoe’s approach is a testament to the power of listening to associate feedback and embracing innovative solutions. What are your thoughts on this flexible model? Could it set a precedent for other Big Law firms? #BigLaw #InnovationInLaw #CareerFlexibility #WorkLifeBalance

“.. investing in an area we believe is coming back before those markets do so “ Feel free to reach out for a confidential discussion of current lateral opportunities - partner , group or merger options .

The secondaries market in private equity has been around for a long time. But they have been quietly rising up the agenda as the sector faces up to a sluggish M&A. But alongside a growing awareness and use of secondaries, there has also been a subtle shift in the main protagonists with GPs taking the lead. One of the most exciting legal innovations in years with real growth prospects associated with it 📈 With special thanks to Blake Halperin and Warren Allan of Proskauer Rose LLP for the insight into GP-led secondaries. Read our latest article here https://lnkd.in/eBzTbmSx

Thanks to the High Court for backing me up when I tell my shareholder clients that, to advise them on the options for their shares after they die, I need a lot of background information. Not only do we need to check any written shareholder agreements, but the recent case of Lane v Lane tells us that verbal agreements can also override the shareholder's will. I regularly work with the excellent Sintons corporate team and between us we can make sure you understand who will be entitled to your shares, and help you if you want to make changes to that position. #estateplanning #corporate #teamwork #sintons

Sidley recently celebrated 10 years of our annual Private Funds: Developments and Opportunities conference, gathering hundreds to discuss hot topics, share ideas, and prepare for what’s next in the #privatefunds industry. Watch here as Sidley lawyers, clients, and friends of the firm reflect on a decade of #SidleyPrivateFunds. #investmentfunds #capitalmarkets

Partner compensation at Am Law 200 firms surged last year, with average pay eclipsing $1.4 million—a 26% increase since 2022, and nearly double the figure from a decade ago. Equity partners saw a 32% rise in average pay to $1.937 million, while nonequity partners experienced a 21% increase, reaching $558,000. These jumps highlight firms’ efforts to retain top talent. Meanwhile, average partner origination amounts grew by 26%, further fueling compensation growth. Despite the widening gap between top earners and the median, overall satisfaction with pay remains high. https://lnkd.in/gmDapYWg

We are excited to announce that our COO/CFO Laura Long will be speaking at ARK Group USA’s National Summit on Law Firm Operations! The Summit runs from May 1st – 3rd and is the intersection of technology, strategy, and innovation for professionals at the forefront of legal services. Her session, “Pricing, Compensation, and Delivery Strategies to Boost Profitability,” will be on May 2nd and will discuss win-win pricing strategies, identify misaligned incentives that impede profitability, and more. #compensation #profitabilit

At the "Emerging Professionals" panel, Jonathan Ronald Jasinski of Harter Secrest & Emery LLP delved into the nuances of private equity transactions, noting the typical timeline for deals can span several months to a year and emphasizing the variable involvement of lawyers depending on existing client relationships. Watch the full panel here: https://lnkd.in/gxmDwzFY #UpstateCapital

🎉 As the financial year wraps up, we are toasting our wins in the legal market! 🎊 From successful placements to strong partnerships, it's been a ride full of growth and achievements. 🌟 Big thanks to everyone who played a part in my recruitment success - especially Lisa Gray and Gary Bloxham🙌 Here's to keeping the momentum going and setting our sights even higher for the year ahead! 🚀 #TylerWrenLegal #TylerWrenLegalSupport #TylerWrenLawyers

Legal 500 have dropped their 2024 lists: Here's the highlights! Private Funds: - Fried Frank joined K+E and STB at top spot - Latham and Watkins, Pinsent Masons and Sidley Austin all climbed up a tier each. - 3 newcomers in the Legal 500 are Eversheds, Osborne Clarke and Travers. Congratulations to all these private funds teams! Asset Finance: - Crowell & Moring and Shoosmiths have both jumped from tier 3 to 2. - BCLP, Cripps, Mills and Reeve and Bermans have all joined tier 3 from 4. Congratulations to all these asset finance teams! Real Estate Funds - Eversheds have made yet another tier jump from 4 to 3 with their REF practice. If you wish to know about these markets (or simply want to know who has dropped a tier or even left the list completely) drop me a message in LinkedIn DMs or by email to [email protected] #BishopRockPartners #Funds #Legal500