Cravath has announced its associate bonus structure for 2024, matching the total compensation offered by Milbank earlier this month and which we reported some days ago. The bonuses include both year-end and special payments, ranging from $21,000 for first-year associates to $140,000 for the most senior associates.Cravath recently announced its latest partner intake and with
Tom Borman, LawFuel contributing editorCravath, heading the LawFuel ‘Most Prestigous Law Firm List’ has announced its new partner class for 2025, and it’s a significant step up from last year, promoting seven attorneys to partner, nearly doubling the size of its 2023 class.But one of the big questions that will be interesting to see is
The Big “Cravath Pay” Question For The Firm’s New Partners Read More »
Class Action Litigation Funding MovesTom Borman, LawFuel ContributorAmbitious, class action law firm Pogust Goodhead is seeking additional funding from its financial backers to fuel its ambitious growth plans. This move comes on the heels of a substantial £550 million loan secured earlier this year, which the firm says is the most any law firm has
Class Action Litigator Pogust Goodhead Seeks More Funding Read More »
What Happens To The Smith Prosecutions of Trump?Tom Borman, LawFuel contributorDonald Trump threatened to fire Special Counsel Jack Smith ‘within two seconds’ should he win the election.He’s won. Smith will effectively be fired. And the prosecutions will be discontinued.Special Counsel Jack Smith brought two major prosecutions against Donald Trump, one alleging mishandling of classified documents
Clifford Chance Face Saudi FIFA MusicTom Borman, LawFuel contributing editor Clifford Chance has found itself a the center of a controversy surrounding Saudi Arabia’s bid for the 2034 FIFA World Cup in a particularly embarrassing scandal given the firm’s work supporting pro bono and gender equality issues.The firm’s involvement in producing an “independent” human rights
Did Clifford Chance Score a Home Goal in FIFA Controversy? Read More »
Magic Circle Lawyer Moving Towards The US-Style Deal-MakersTom Borman, LawFuel contributing editorMuch has been written about the UK ‘law wars’ and the aggressive battle between the Magic Circle firms and their US rivals. The Financial Times has also noted an interesting merger of roles where lawyers are increasingly playing a banking role in deals they
The Changing Role Of The Traditional Magic Circle Lawyer Read More »
The Big Money Australian Law PartnersTom Borman, LawFuel contributing editorAustralian law firms have entered the big money zone that has become increasingly normal among the major big law firms in the US and UK.The dollars may be somewhat less, but the reasons for the top pay are the same: meeting the increasingly competitive legal talent
Big Law Big Money Paydays At Top Australian Law Firms Read More »
Clifford Chance Steps Up The Lockstep PayTom Borman, LawFuel contributing editorIt’s raining money for top legal talent and the battle for legal talent has seen Clifford Chance up the ante with a big pay change to their lockstep structure to keep legal talent in the current talent wars.The firm has changed its traditional lockstep model,
Clifford Chance’s Multi-Million Dollar Payday Reset Read More »
Judge Orders Giuliani Asset TransferTom Borman, LawFuel contributing editorOn Tuesday, a federal judge ordered Rudolph W. Giuliani to transfer most of his assets and liquid funds to a receivership controlled by two Georgia election workers he defamed after the 2020 presidential election.The orders are a further fall from grace by Giuliani following his being disbarred
UK Law Hourly Rates Take An Upward HikeTom Borman, Big Law contributing editorBritain’s top law firms have hiked hourly fee rates by nearly 40 percent for the top 10 law firms according to a new survey from PwC. The survey of the UK’s top 100 law firmsshowed that average hourly rates at top 10 firms
