As biglaw firms move increasingly away from the lockstep compensation system, the ongoing lateral law firm movements between them continues with one of the latest, high profile hires being Cravath Swaine & Moore partner Jennifer Conway who has moved to Davis, Polk & Wardwell. We recently reported about the lockstep compensation system being on its […]
Biglaw Lateral Moves Continue As Cravath’s Lose Senior Lawyer Read More »
As equity partners’ incomes increase rapidly, bonuses for associates have also increased but not to nearly the same extent as the take-home earnings of the partners, according to the inflation-adjusted statistics. Partner profits have increased by 85 per cent over the past 10 years, according to reports, but associate salaries have increased by just 44
Big Bonuses For Law Firm Associates – But Junior Associates Are Actually Making Less Read More »
Despite the bonus season producing some record bonuses, reports from Kirkland & Ellis, one of the biggest of the big money bonus payers previously, have been somewhat disappointing. Reports from legal media, including AbovetheLaw, show that despite the firm’s massive revenues, amount last year to 4.83 billion, the bonuses paid were lower than most associates
The Biglaw special bonuses mean big money for associates
Biglaw’s ‘Special Bonuses’ Provide $200,000 to ‘Top Up’ Existing Law Job Pay Read More »
Kirkland & Ellis is the highest-earning law firm in the world and as if that isn’t enough attraction for many lawyers, the latest alteration to the law firm’s attraction has been to shorten the road to equity partnership by a year – straight to highest-paid law firm top tier position. The move is made against
Highest-Paid Law Firm Provides New, Fast-Track Promotion Opportunity Read More »
DECEMBER 03, 2021 – Powered by LawFuel – Dechert today announced that a class of 31 lawyers from around the world will be elected to the partnership, effective January 1, 2022. The largest new partner class in recent firm history, these extraordinarily diverse and talented lawyers span 11 offices in six countries on three continents,
Law firm Fried Frank has been the latest law firm to have increased its bonus payments this year with a pro-rated $15,000 bonus for the current year (compared to a bonus of $115,000 for those in the 2014 cohort). Fried Frank, 60th on the AmLaw Big Law list is up by 15 per cent over
Fried Frank Provide Added Bonus in Growing Bonus Season Read More »
The ‘D’ word is a big one in law firms – Big Law especially – as diversity issues become ever-more significant and a central part of most law firms’ recruitment drives and overall cultural set. But for Skadden Arps, Meagher & Flom receiving a preachy slapping from Al Sharpten for their alleged diversity faults has
Skadden Receive Preaching From Al Sharpen on Law Firm Diversity Neglect Read More »
Former Slaughter & May London partner Oliver Storey, who left the firm in 2020 following an internal investigation, has joined White & Case in London as a consultant. No action was taken against Storey by the Solicitors Regulation Authority and he has joined White & Case reportedly on a six month contract A number of
Slaughter & May Partner Reappears at White & Case Read More »
The bonus season for associates has seen Big Law firm Cravath Swaine & Moore start the associate bonanza with a bonus pay rate of $115,000 according to a Cravath memo to staff. The year-end bonuses will be paid next month ranging from $15,000 to $115,000, which continues to lift the game for payments to associates
The Big Law Bonus Season Sees Cravaths Pay $115,000 Read More »
