Lateral Link reposted this
In the fast-paced world of Big Law, there's a prestigious club that everyone is eyeing—the Global Elite. A tight-knit group of legal powerhouses set to rule the industry with unparalleled might. It's reminiscent of The Hunger Games: firms racing to surpass revenue targets, expand their reach, and outshine rivals. Not to mention the intense battle for lateral talent! It's a high-stakes game where only the elite survive—a thrilling tale of ambition, strategy, and the relentless pursuit of legal supremacy. Now, think of the contenders: firms like Kirkland, Latham, and Skadden are leading the charge, with others hot on their heels. These giants are setting the bar high with billion-dollar revenues, eye-watering profits, and global footprints that leave others in awe. Approximately 20 firms are considered elite, with PEP exceeding $4.5 million, including Paul Weiss, Simpson Thacher, Sullivan & Cromwell, Davis Polk, and Weil Gotshal. Latham currently stands as the only firm operating in at least 15 countries, with revenues surpassing $3 billion and PEP at $4.5 million. Other firms like Kirkland, Skadden, Sidley, Gibson, and Ropes are close to fulfilling these criteria. Let the games begin...or continue! https://lnkd.in/gYgzd4eM
CEO & Founder
1wThe widening wage gap is noticeable between the elite few and the remainder. Although increased leverage, contingency or flat deals, and higher bill rates explains much of it, I imagine there is much more similarity than difference with the experience and capabilities of the actual attorneys doing the work within the Am Law 200. I think there is great value for clients outside the elite twenty when considering who to hire on deals or litigation that doesn't need an army. When my business network asks me for an attorney referral, and that happens all the time, I always take into consideration the context. Nice thought leadership from one of our stellar partner recruiters, Susan G. Agopian!