The McCormick Group, Inc.’s Post

Dear All, Please see our latest Texas Lateral Market Report! As you can see, lateral activity remained strong during the month of May. If you have any questions about the report, please contact me. I am also happy to talk further about our services and capabilities. Thank you and enjoy the report! Saadia #executiverecruiting #lateralrecruiting #lawfirms #executivesearch

More and more lawyers are going in-house—but why? Jonathan Wylie explores this trend and shares his predictions for the future. https://bit.ly/49Qs28s #mlaglobal #inhousecounsel #legalcommunity #lawfirms

The first half of 2024 has been the busiest for lateral partner hiring at top London law firms in five years, with 100 moves according to Macrae's 2024 H1 law firm partner report. Notable trends include a 300% surge in white collar sector hires and a 58% increase in finance sector moves. For more insights, read Habiba Cullen-Jafar's article on Law.com International: https://lnkd.in/e9t7cXet

Are we witnessing a global revolution in collective redress and mass torts? Embark on an insightful journey at the upcoming LF Dealmakers | European Edition, taking place on April 18-19 in London, with our featured panel: GLOBAL GROUP ACTIONS PART 1: RECENT DEVELOPMENTS IN THE UK, EU & US. This session shines a light on the evolving mechanisms of group actions across the globe, offering an in-depth look at the state of collective redress in the UK and EU, alongside the latest trends in US mass torts. We'll also dissect the impact of recent court rulings on the viability of these legal strategies and explore the variances and valuable lessons from different jurisdictions. 🔹 LF Dealmakers | European Edition 🔹 Date & Time: April 18-19 🔹 Location: Royal Lancaster London Our panel of distinguished legal minds will guide you through these complexities, providing a rich analysis of global group actions: 🎙Our Panel of Experts: - Belinda Hollway, Partner, Scott+Scott (Moderator) - Quirijn Bongaerts, Founding Partner, Birkway - Ralph Fearnhead, Partner, Mishcon de Reya LLP - Paul Hitchings, Managing Partner, Hitchings & Co - Steve Nober, Founder & CEO, Consumer Attorney Marketing Group, Inc. (CAMG) This session is a must-attend for legal practitioners, litigation financiers, and anyone interested in the transformative power of collective legal actions. Join us to gain a deeper understanding of these pivotal developments and their broader implications on the global legal landscape. 🌟 Less than 2 weeks left! Don't miss your opportunity to engage with thought leaders, gain invaluable insights, and network with professionals at the forefront of litigation finance. For more details and to secure your seat, visit: https://lnkd.in/eMSNVx29 #GlobalGroupActions #LegalIndustry #UKLaw #EULaw #USLaw #CollectiveRedress #MassTorts #LitigationFunding

It might surprise some but there are a number of law firms now paying partners $20m or more. The highest comp band that I have come across for a partner is $25m, but there will be some that are higher. The number of partners at US firms earning $7-$12m has swelled over the last 5 years. The questions is are they worth it? Outside of Wachtell you have a number of elite firms who charge anything from $1600-$2800 often elite firms recover at 100% or close to that. So the contribution a single partner can make has a ceiling. What they leverage is a significant client or client base. Individuals are still pivotal in relationships, a single partner can make a significant difference, in fact their departure can be terminal. Paul Weiss Chair Brad Karp recently talked about retention and how they retain their best, they fight hard to hold their clients but all firm leaders know that there are partners who are a significant differential in a relationship. Now those partners can leverage that differential and if the output is consistent the earning potential is significant. Absent a structure that allows you to reward your key partners in line with their peers, they are far more susceptible to being picked off. #fidessearch #webringtherightpeopletogether #law #partnercompensation https://lnkd.in/eSzchp2j

Will the trend of rising rates in BigLaw persist into 2025? Hourly rates continue to surge in 2024, with some top firms charging as much as $2,100 to $2,620 per hour for their highest-end services. Other premium rates range from $1,465 to $1,860 for higher tier attorneys, and $1,170 to $1,285 for senior associates. While rates in the $800–$900 range still exist, the real price jump occurs at the $1,100 mark, with very few firms charging exactly $1,000 per hour. Top firms charging these premium rates include: ▪️ Kirkland & Ellis ▪️ Cravath ▪️ Latham & Watkins ▪️ DLA Piper ▪️ Holland & Knight ▪️ And more… A Strategic Opportunity for Junior Partners With BigLaw rates climbing, mid-market firms are well-positioned to attract clients seeking high-quality legal services at more accessible rates. This shift presents a unique opportunity for junior partners to build their client base while offering cost-effective, expert legal solutions. As the market evolves, those who can deliver both value and top-tier expertise will have the competitive edge allowing junior partners to grow their practice in an increasingly price sensitive environment.

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Experience superior results with #LexisPlus Legal Research, Practical Guidance and data-driven insights, all in one legal solution. Take a free trial: https://ow.ly/sHUL50PWwX8 #LegalContent #LegalTech #LawTech

✨ This week, we're thrilled to showcase Vedder Price, a business-focused, AmLaw 200 firm known for its global reach and a proud tradition of maintaining long-term client relationships. With offices in major cities including New York, Washington, D.C., San Francisco, Los Angeles, Dallas, London, and Singapore, they have achieved a remarkable 20 National Rankings and 31 Metro Rankings. Vault 2024 ranks their headquarters as #29 Best Law Firm in #Chicago. More Top-Tier Recognition in Chicago 🏆 Tier 1 Rankings: ▪ Banking & Finance Law ▪ Bankruptcy & Creditor Debtor Rights / Insolvency & Reorganization Law ▪ Commercial Litigation ▪ Employee Benefits (ERISA) Law ▪ Family Law ▪ Financial Services Regulation Law ▪ Labor Law - Management ▪ Land Use & Zoning Law ▪ Litigation – Bankruptcy ▪ Litigation – Intellectual Property ▪ Patent Law AND, Vedder Price is renowned for its outstanding reputation in Labor & Employment law, offering comprehensive services that help businesses navigate complex employment regulations. ⚖ Vedder Price emphasizes personalized, client-focused service, ensuring that each client receives dedicated attention and tailored legal solutions. Stay tuned for next week's Law Firm Spotlight, where we continue to highlight leading firms in the legal industry! #PPLawFirmSpotlight #VedderPrice #LegalExcellence #NationalRankings #MetroRankings #ChicagoLaw #LaborAndEmployment #BusinessLaw

More bright news on the lateral partner hiring front . Feel free to reach out for a confidential discussion of current lateral opportunities - partner , group or merger options .