A new lawsuit involving prominent class action law firms is shedding light on the distribution of legal fee awards among plaintiffs' attorneys. This case arises from a significant $5.6 billion settlement related to 'swipe fees.' The lawsuit's details are featured in the latest edition of the Legal Fee Tracker, which provides insights into how legal fees are allocated. Meanwhile, the Law360 Pulse Leaderboard highlights the impact of leading law firms across various legal sectors, including antitrust, employment, and securities litigation. Additionally, reports indicate that average compensation for BigLaw partners has surged by 26% over the past two years, reflecting a broader trend of rising earnings within the industry. Some firms are also implementing 'super tiers' to incentivize top performers, while a number of major law firms have achieved partnership classes with at least 50% women for four consecutive years, showcasing progress in diversity within legal leadership.
Legal Fee Tracker: Lawsuit reveals fight over awards after $5.6 bln 'swipe fees' settlement https://t.co/wbFfWSdfC9 https://t.co/HLuyMVZb9X
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Presenting the 2024 Law360 Pulse Leaderboard — the 100 firms that are besting their peers on measures of prestige, social responsibility and the reach of their legal practice. https://t.co/9UqbvDllva