Addleshaw’s Pay Freeze Ben Thomson, LawFuel contributing editor Addleshaw Goddard decided to turn up the chill factor on its own junior lawyers as the UK-based firm has frozen the £100,000 starting salaries for newly qualified (NQ) lawyers, choosing instead to divert an extra £1 million into its already-healthy bonus pool for senior lawyers. So much […]
Addleshaw Goddard Freezes Junior Pay While Partners Pop Champagne Read More »
If you thought the Great Legal Pay Spike was last year, think again. At present Duane Morris is under fire in a partner-pay class-action suit, amid allegations of misclassifying non-equity partners to dodge taxes and benefits—even as women and minority partners allegedly earned less. That in itself sent ripples through partner compensation practices nationwide.
But perhaps more gripping: the Financial Times reports top corporate partners billing over $2,500/hour and annual earnings soaring above $25 million.
BigLaw Pay Race 2025: How High Big Law Pay Rates Go Before They Crack? Read More »
The latest law firm to record its financial performance is Clifford Chance who have a significant lift in US revenues and overall revenue growth of 9 percent to Clifford Chance Partner Compensation Hits £2.11 million As Firm Revenue Grows to £2.4 billion. The media statement is below – Clifford Chance reports record financial performance 23
Following its record profits last year, Linklaters continues its run with an 11 percent increase over 2024’s results as the firm’s expansion into the US continues and partner profits increase to £2.1m, a 15 percent increase over 2024 adding to its big law pay success. Linklaters media statement – Linklaters reports record revenue and profit
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 »
