Big

Big Apple Shuffle: Juan Soto Joins Mets with Mega-Deal, Yankees Strategize Post-Slugger Era

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New York — As the sun rises over the Yankees’ home turf, their fans might struggle to see its glow through a veil of disappointment following Juan Soto’s departure. Soto, who was instrumental in taking the Yankees to the World Series and nearly matched MVP and historic home-run chaser Aaron Judge for power, has signed a formidable contract with the Mets. The deal, spanning 15 years and valuing $765 million, promises to change the landscape of baseball in New York City. Soto’s impactful exit is surely a hard pill to swallow for the Yankees’ faithful. … Read more

Rise of the Non-Equity Partner: Behind the Glamour and Controversy in Big Law Firms

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For many attorneys, clinching a partnership at a prestigious law firm represents the pinnacle of career success, signifying both recognition and financial reward. However, the traditional path to partnership and what it entails is changing, as a new category known as non-equity partners emerges within the legal industry. Non-equity partners, in contrast to their equity-holding counterparts, do not have a stake in the ownership of the firm. Instead of sharing in the profits beyond a salary, they essentially earn more than associates but significantly less than equity partners. This restructuring in partnership tiers raises questions … Read more

Milbank Leads the Charge in Associate Bonuses Amid Cost-Cutting Trends in Big Law Firms

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New York, NY — Milbank LLP has once again taken a pioneering step in the legal industry by initiating a new round of associate bonuses, despite evident market shifts that suggest a cooling demand for junior lawyers. The Manhattan-based firm has bolstered its reputation by offering up to an extra $140,000 in bonuses, a move quickly matched by at least five other major law firms with several more expected to follow suit. This approach marks the second consecutive year that Milbank has led with such an early announcement of additional year-end payouts. While these bonuses … Read more

Big Law Braces for Boom in Business as GOP-Led Congress Shifts Investigative Focus to Private Sector

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WASHINGTON — As Republicans look forward to governing with control of both the White House and Congress in 2025, leaders of big law firms are gearing up for a busier season, especially in their Congressional investigation practices. Despite a probable slow start due to other priorities, such as confirmations and legislative activities, attorneys anticipate an uptick in investigations, particularly those targeting private sector practices. The landscape of Congressional oversight is expected to shift substantially, with Democratic executive branches traditionally being the primary focus, paving the way for increased scrutiny on corporate America. Industries and companies … Read more