Wake Up Call: Paul Weiss Said to Mull Non-Equity Partner Tier

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Paul Weiss reportedly is considering tinkering with the firm’s partner compensation system, including potentially creating a non-equity tier. A move to convert bonus payments to equity shares for the firm’s top-paid partners is also said to be on the table. (The American Lawyer)
• White & Case was the fastest-growing law firm in Africa by employee headcount between 2019-2022, new research shows. The firm grew its Africa staff by 177% in that period to 83, quicker than second-fastest firm, Dentons, which grew its headcount by 86% during that time to 255. (Global Legal Post)
• Former US Supreme Court clerks are finding a new type of path for their post-clerkship careers: litigation finance companies. The field is dynamic and “deeply substantive,” and allows people to look at legal matters from a finance perspective, said Travis Lenkner, a former clerk for SCOTUS Justice Anthony Kennedy. (Law.com)

Laterals, Moves, In-house

• Laura Hammargren has joined Greenberg Traurig as a member in the global litigation practice in Minneapolis, Minn. She served as assistant general counsel at 3M.
• Cason Kirby has joined Holland & Knight in the litigation section as a partner in Birmingham, Ala. He previously served at Campbell Partners.
• Gawain Hughes has joined Pillsbury Winthrop Shaw Pittman as a partner in London. He previously practiced at Morgan Lewis and led the EMEA funds practice at DLA Piper.