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Philip Morris Must Pay Florida Smoker’s Attorneys $3.2 Million

A trial court appropriately used out-of-town billing rates to calculate Philip Morris USA Inc.'s obligation for its successful opponent’s legal fees in a Jacksonville, Fla., personal injury case, a divided Florida appeals court said in upholding a $3.2 million fee award.

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Lockstep Pay on Its Last Limbs After ‘Historic’ Cravath Move

An industry that once attributed many of its best qualities to its dedication to pay partners based on seniority is down to just two strict adherents to the so-called “lockstep” compensation system after Cravath, Swaine & Moore adjusted its model on Monday to fend off poaching.

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Made with Flourish

Big Law's Big Paychecks: Partner Compensation, Explained

Law firm partners in Big Law earn a lot of money, but just how much they make can vary widely. Whether it's equity or non-equity or merit versus lockstep, this video explains what goes into determining the size of those paychecks at elite law firms.

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