Monday BigLaw Merry-Go-Round (May 18, 2015)

Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.

• "Firm Leaders Say Overcapacity Is Hurting Profitability," Am Law Daily
• "Are nonequity partners at risk? 43 percent of surveyed law firms say they have too many," ABA Journal
• "Proskauer lays off 29 staff members," ABA Journal
• "Gateley is poised to become first UK law firm to go public, hopes to raise $15M in IPO," ABA Journal