Big Law

Hot Summer Bonuses At BigLaw Conceal A Secret

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Following months of market uncertainty, the summer bonus season at BigLaw has exceeded expectations with Milbank’s announcing special bonuses ranging from $6,000 to $25,000 for associates, a cascade of firms has followed suit. But a new trend is also emerging in the way compensation is being handed to associates.

While partners enjoy increased PEP rates with premium work, the competitive world of associate recruitment is seeing some major changes in the way law firms handle the compensation for their top performers at associate level.

The summer bonus season is seeing that trend play out.

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Former McDermott Will Finance Partner Joins Squire Patton in London

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Ranajoy basu

Ranajoy Basu joined Squire Patton in London ahead of his former firm’s merger with Schulte Roth & Zabel on 1 August. He is one of the leading lawyers in sustainable procurement, supply chain finance and a member of the Advisory Council of The Sustainable Procurement Pledge. The Squire Sanders media announcement is below – Addition

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Pogust Goodhead Fires Back at BHP and Vale in £1.3 Billion Legal Fee Showdown

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Goodhead1

Pogust Goodhead Accuses BHP & Vale of Underhanded Tactics Ben Thomson, LawFuel contributing editor The fight that has roiled the mining and legal worlds isn’t only about environmental responsibility as it now opens a new front with a major legal action allegeding that the firm has been cheated out of massive legal fees. Pogust Goodhead,

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Why Big Law Lawyers Are Walking Away: Exits, Burnout & New Legal Careers

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Biglaw departures

More Big Law associates and partners are choosing to leave than ever before—citing burnout, lack of advancement and remote-era disconnection sparking a seismic exodus toward in-house, startups and boutique law career paths.

The Big Law conveyor belt, once seen as the golden escalator to prestige and partnership, is creaking under the weight of its own expectations.

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Boutique Bonus Season: The Summer Bonus Payments Arriving

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Boutique Firm Vartabedian Hester & Haynes Blazes Bonus Trail With Generous Summer Payouts While Biglaw firms continue their summer tradition of radio silence on bonuses, one ambitious boutique isn’t waiting around. Texas-based Vartabedian Hester & Haynes, a rising litigation boutique specializing in complex commercial disputes, has just announced a firm-wide bonus that’s turning heads. All

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Free Legal Fees from Big Law? Could This Really Happen with Legal AI?

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big legal fees in Big Law

AI disruption forces Big Law to rethink billing: “Firms will give more for free” Ben Thomson, LawFuel contributing editor A mounting chorus of industry voices—from Artificial Lawyer to Thomson Reuters and Business Insider—argue that AI is rapidly eroding the economics of the traditional billable hour. The irony is that as firms strive for efficiency, they

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Latest BigLaw Merger To Hit The Law Market on 1 August

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law firm tie-up

Here Comes McDermott Will & Schulte Tom Borman, LawFuel contributing editor In a deal that underscores Big Law’s relentless consolidation, McDermott Will & Emery (approximately 1,400 lawyers, ~$2.2 b 2024 revenue) and Schulte Roth & Zabel (~350 lawyers, ~$618 m) voted last month to merge effective August 1, 2025, creating a combined firm of around 1,750 attorneys and global

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BigLaw’s Pay Party: UK Partners Laugh All the Way to Their Third Homes

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Uk partner pay

Which UK Firm Takes The Top Partner Pay? Magic Circle firms post eye-watering PEP figures while associates wonder if they’ll ever afford London rent John Bowie, LawFuel publisher What a delightful time to be a BigLaw equity partner in London. While many mortals navigate inflation and mortgage rates that would make a loan shark blush,

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Question: Do I Really Want to Make Partner?

Big Law, Law Job News /
Golden Handcuffs for golden lawyers

The Golden Handcuffs Paradox: When Partnership Dreams Become Nightmare Reality Here’s a subversive thought that’s been bubbling up in law firm corridors and anonymous message boards: what if the brass ring we’re all reaching for is actually fool’s gold? A recent Fishbowl discussion has lawyers questioning whether the partnership track is really the yellow brick

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Jones Day Recruit Arbitration Star In Singapore

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Cross-border disputes partner Kay-Jannes Wegner joins Jones Day in Singapore Kay-Jannes Wegner has joined Jones Day as a partner in the Global Disputes Practice, based in the Firm’s Singapore Office. Mr. Wegner has extensive experience representing clients in Asia and around the world in cross-border disputes in a wide range of sectors, including construction, energy,

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