Attorney pay

Law firm profits take a hit after blockbuster year

New report on law firm finances highlights the toll of rising attorney compensation. It also points to a gradual slowdown in demand for corporate work, while litigation ticked up.

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–   New data from Russell Reynolds Associates shows that nearly half of the top lawyers appointed at the 500 biggest companies in the U.S. in 2021 were female.


 –    Stanford Law School this week became the second elite U.S. law school to commit to fully eliminating tuition payments for low-income students.


 –    Proskauer Rose hired Kristina Trauger, a capital markets partner from Shearman & Sterling, for its corporate department in New York.

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