Am Law 100 Firms See Impressive Growth in Income Partner Ranks, Pushing Nonequity Partnerships to New Heights

Law firms in the Am Law 100 are experiencing significant growth in their income partner ranks, with double-digit percentage increases in 2023. According to early reporting on the Am Law 200 financials, several prominent firms saw substantial growth in their nonequity partner tier. Among the firms with the largest percentage gains were Milbank, Gibson Dunn, and Fried Frank. While some of these firms started with lower nonequity numbers, their intentional and targeted growth aims to improve retention within this partner tier. This surge in nonequity partner growth comes after a significant number of law firm … Read more

McDonald’s Parts Ways with Local Partner, Closes All 12 Outlets in Sri Lanka Amidst Conflict

Colombo, Sri Lanka – McDonald’s has terminated its agreement with its local partner in Sri Lanka, resulting in the closure of all 12 outlets in the country, according to an attorney for the U.S. company. Sanath Wijewardane, the attorney, stated that the decision to end the agreement was due to standard issues. While the stores continued to operate for a few days after the cancellation, they have now ceased operations. The local partner, Abans, declined to comment on the termination of the agreement. However, it has been reported by local media that McDonald’s took legal … Read more

Breaking Barriers: Greek Novelist & Partner Make History as First Same-Sex Couple Married in Athens City Hall

ATHENS, Greece – In a historic moment for Greece, a Greek novelist and his partner became the first same-sex couple to be married in Athens’ city hall, following the recent legalization of same-sex marriage in Orthodox Christian Greece. The civil wedding ceremony was officiated by Athens’ mayor, Haris Doukas. The couple, Petros Hadjopoulos, who writes under the pen name Auguste Corteau, and lawyer Anastasios Samouilidis, expressed their joy, with Hadjopoulos describing the event as “a dream that we didn’t dare entertain when we were in our teens.” This milestone holds great significance for many individuals … Read more

Former Partner of Detained Billionaire Sues Evergrande Founder’s Son for Money Amidst Investigation

Beijing, China – A lawsuit has been filed by the former partner of a detained billionaire against Xu Jiayin, the chairman of embattled Chinese property developer Evergrande Group, seeking the repayment of a 200 million yuan ($31 million) loan. The lawsuit claims that Xu owes the money, which includes principal and interest, according to court filings. The case is pending a hearing. The legal action comes amidst ongoing investigations into Xu and his father’s finances, which could lead to the confiscation of their assets by mainland Chinese courts. This situation has prompted speculation that the … Read more