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Industry News 10th March 2025

Michael Diz is joining Davis Polk as a partner, the firm said Monday. Diz spent more than 20 years at Debevoise, co-leading its mergers and acquisitions group and the firm’s San Francisco office. He steered the Debevoise team advising Verizon Communications in its $20 billion acquisition of Frontier Communications Parent in September.

Source: Bloomberg Law

Industry News 22nd February 2025

Skadden is considering adding a tier of salaried “partners” at the Wall Street law firm, following similar moves by several of its rivals.

The firm’s partners are discussing adding a non-equity level, according to two sources familiar with the talks. Those lawyers would largely be paid by salary, rather than getting a cut of the firm’s profits.

Source: Bloomberg Law

Source: Bloomberg Law

Industry News 10th June 2024

Latham & Watkins has proposed introducing “super points” into its compensation structure to pay star performers more than $20m.

The proposed reforms come amid a raging pay battle among elite US law firms, which has pushed compensation packages for top partners north of $20m.

Source: Financial News London

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