Pushing

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

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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

EU Cracks Down on Anonymous Cryptocurrency Accounts, Pushing for Greater Transparency

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BRUSSELS, Belgium – The European Union has implemented stricter regulations on anonymous cryptocurrency accounts, enacting laws aimed at combating money laundering. These new regulations forbid the provision of services to anonymous accounts, requiring individuals and businesses dealing with cryptocurrencies to comply with anti-money laundering standards. The EU hopes this move will enhance transparency and prevent illicit activities facilitated by cryptocurrency anonymity. Under the new rules, cryptocurrency exchanges and wallet providers will need to verify the identity of their customers, collecting information such as names, addresses, and dates of birth. Additionally, they will be required to … Read more