U.S. Law Firm Partner Pay, Billing Rates Soar

Plus just 12 days until Securities Enforcement Forum D.C., have you registered yet?

Author

Bruce Carton
October 25, 2024

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Good morning! Here’s what’s up (honestly, not much—but don’t worry, Securities Enforcement Forum D.C. is just 12 days away!).

Clips ✂️

Partner pay at top US law firms jumps to record $1.4mn

Partners at big US law firms are taking home more money than ever, with average remuneration reaching $1.4mn, according to a leading survey.

Researchers at recruitment specialists Major, Lindsey & Africa, who surveyed top attorneys at the country’s leading 200 firms, found that partner pay had risen by 26 per cent over the past two years, outstripping the growth in basic pay for heads of S&P 500 companies.

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In the US, the average hourly billing rate in MLA’s survey was $1,114 this year, up 36 per cent from 2022, and more than 80 per cent higher than a decade ago.

by FT

Binance Executive Tigran Gambaryan Has Left Nigeria Following Detention

Tigran Gambaryan, the Binance executive held in Nigeria after being accused of money laundering, has left the country after the charges were dropped.

A family spokesperson confirmed to CoinDesk on Thursday that he was released from Kuje prison last night and then exited Nigeria.

“He’s in the air,” a U.S.-based lawyer on Gambaryan’s legal team told CoinDesk.

by CoinDesk

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Securities Enforcement Forum D.C. 2024 is set for November 6, 2024 at the Mayflower Hotel in Washington, D.C.! Join us in person or tune in virtually to hear from 45+ luminaries in the securities enforcement field.

👉 Daily Update readers can register here with a 25% discount by using one of these codes. See you November 6 in Washington, D.C.!!!

In-Person: BLAST432DC25

Virtual: BLAST432V25

Keynote Remarks and Q&A Discussion with SEC Enforcement Acting Director Sanjay Wadhwa

Keynote Remarks and Q&A Discussion with SEC Enforcement Acting Director Sanjay Wadhwa (Panelists: Sanjay Wadhwa and Stephanie Avakian)

www.linkedin.com/posts/securities-docket_keynote-remarks-and-qa-discussion-with-activity-7254562178706354176-MUi7/?utm_source=share&utm_medium=member_desktop

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