Deborah Peters’ Post

The formula for a superstar global law firm? Step one: Either start with a big US based law firm or merge with a big US based law firm Step two: hire as many BIG NAME STARS as you possibly can Step three: replace your current comp system with one that rewards the superstars! Step four: re-evaluate and plot out Step Five

"Even as top law firms have reached new revenue and profitability peaks this decade, not every partner is making more money from year to year." (The American Lawyer) https://lnkd.in/gV4wRj-d #biglaw #lawpartners #legalsalary #legalindustry

Interesting Lateral Partner Integration approach Feel free to reach out for a confidential discussion of current lateral opportunities - partner , group or merger options .

The 2024 LTN Law Firm Tech Survey spoke with 30 technologists at top U.S. law firms to get a sense of what technology issues they faced over the past year, how their technology posture, policies and investments are changing, and their thoughts on technology’s impact on the future of the legal industry.

What drove the high demand for legal representation in 2024? Was it your practice group? Read on to find out!

Alumni from Big Law are often the legal department chiefs and general counsel of the largest corporations in the U.S. While these connections help a firm's current and future lawyers in career development, they also further cement relationships between the largest firms and GCs, leading to more business for the law firms. But to ask GCs? They will tell you that they put the work in the hands of specific lawyers, not law firms.

What current indicators mean for non-equity and equity partners at AmLaw200 and mid-sized law firm is that everything is on the table. If, for any reason, you are the slightest bit unhappy with the firm where you now practice, you are encouraged to seek out alternatives in the legal marketplace. And in addition to the "conservative" choices, law firm partners now can add several versions of a distributed law firm model to their choices. For any partner interested in exploring their options, I would suggest that they reach out to an established and reputable legal recruiter in this space (like me) for an exploratory conversation.

Promoting diversity in the legal industry is more than just the right thing to do—it’s a key driver of better business outcomes. Numerous studies show that diverse teams lead to stronger financial performance, more innovation, and better decision-making. For example, law firms with higher diversity are more profitable, and clients benefit from superior legal services that reflect the diversity of the communities they serve. Read on for more: https://heyor.ca/MrOJbr #DiversityInLaw #LegalInnovation #EquityInAction #InclusiveLeadership

Promoting diversity in the legal industry is more than just the right thing to do—it’s a key driver of better business outcomes. Numerous studies show that diverse teams lead to stronger financial performance, more innovation, and better decision-making. For example, law firms with higher diversity are more profitable, and clients benefit from superior legal services that reflect the diversity of the communities they serve. Read on for more: https://heyor.ca/MrOJbr #DiversityInLaw #LegalInnovation #EquityInAction #InclusiveLeadership

Our Co-founder and Partner Scott Yaccarino tells The American Lawyer why top law firms are being more transparent about business expectations for their equity partners, a development which he considers a natural evolution of the broader legal services market. "We are seeing a trend of firm management being more transparent when it comes to expectations at the equity partner level, whether that relates to an hours target or whether it relates to originations targets . . . It's the firms' way of basically saying, 'If you are not actively participating in the growth that the firm is experiencing, you're not going to share in that in the same way you might have historically.'" #lawfirms #lawfirmleadership #lawfirmlife #biglaw #legalindustry #legalcareers #lawcareers #legalrecruitment Andrew Maloney