Latham & Watkins Boosts Partner Profit-Shares Ben Thomson, LawFuel Big Law & Lists editor Latham & Watkins has long stood in the shadow of its more profitable peers, and is poised for a dramatic surge in partner compensation. The firm is set to catapult its profit-sharing units by a staggering 17 percent for 2024, a […]
Latham’s Leap Sees Profit Surge Propels Firm to New Heights Read More »
The Revolution in Pinstripes of Pallas Partners Tom Borman, LawFuel contributing editor In the cutthroat world of high-stakes litigation, a new player has emerged in recent years rewriting the rules and setting the legal world on edge as Pallas Partners, the brainchild of powerhouse litigator Natasha Harrison, saw her dare to dream beyond the confines
Why Is This Lady-Lead Boutique Law Firm Showing The Way of the Future? Read More »
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
US law firm Milbank is ringing in the holiday season early with the announcement of substantial year-end bonuses for its associates. The firm is known as a generous bonus payer, as we have reported recently. Milbank said this week that lawyers can expect to receive bonuses ranging from $15,000 to $115,000, based on their level
Milbank Announces Generous Year-End Bonuses for Associates Read More »
Clifford Chance Steps Up The Lockstep Pay Tom Borman, LawFuel contributing editor It’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
Clifford Chance’s Multi-Million Dollar Payday Reset Read More »
Another non-equity partnership tier is added to a big law firm as Cleary Gottlieb Steen & Hamilton make a strategic move to join other big law firms in the non-equity partnership ranks. Cleary’s adoption of a non-equity partnership tier marks a departure from its traditional single-tier structure, where all partners held an ownership stake in
Cleary Gottlieb Joins Growing Trend of Non-Equity Partnership Tiers Read More »
The Top Paying Law Firms In 2024, law firms continue to offer lucrative compensation packages in the US, UK and elsewhere, with commercial law firms, particularly those specializing in Mergers & Acquisitions, private equity and other deal-making law firms leading the pack in terms of revenue and lawyer salaries. We have reported the Vault law
Top Paying Law Firms of 2024: Salaries and Industry Insights Read More »
The London Law Battle For Legal Talent In a move that sent further ripples through the London law world, Slaughter and May has joined the fray in the ongoing salary war for junior lawyers, announcing a substantial 20 percent increase in newly-qualified (NQ) associate salaries, boosting the annual pay packet to £150,000, aligning the firm
Slaughter and May Join The London Law Firm Wage War Read More »
What Do The Summer Bonus Delays Mean? Associates are waiting with bated breath for their 2024 summer bonus news, but the waiting continues. Traditionally, these bonus announcements begin to roll out in late July or early August, setting the tone for the industry’s compensation landscape and reports of major bonus payments have left associates waiting
What’s Happened To Our Summer Bonuses, Ask Associates Read More »
Big Law Summer Bonus Update The Big Law summer bonus season that was kicked off by Milbank, as we recently reported, and has left some firms following suit and others . . well, left deciding what to do. And associates too are wondering what may happen to their summer bonus. It’s a mixed bag regarding
Will More Firms Join The Big Law Summer Bonus Party? Read More »
