We reported on Dallas-based litigation boutique McKool Smith hitting one of the top spots in the ‘big law salary scale’ even though the firm is yet to hit the ‘big firm’ ranking with its 130 lawyer-strong team. But McKool Smith, billing itself as a ‘Powerhouse Litigation Firm’, which specializes in high-stakes patent cases and other
Litigation Powerhouse On Track For Mid-Year Bonus Payouts Read More »
Will the London Law Salary War Polarize Law Firms? As more law firms continue to ratchet up their pay rates in the London legal market there is only going to be increased competition for legal talent in London with salaries reaching what the Financial Times called ‘insane’. The salary increases for newly qualified lawyers at
US law firm Sidley Austin has raised the compensation for its newly qualified associates in London to compete with the other mainly US-based law firms boosting law firm pay levels in the London legal talent war. Their base salaries have increased from £166,500 to £175,000, an additional £8,500 or 5% hike effective July 1st. The
Sidley Austin Boost NQ Salary Levels in London Legal Talent War Read More »
The Paul Weiss Mega-Million Talent Raid Ben Thomson, LawFuel contributing writer Of all the big-money, Big Law talent raids in recent times, it has been Paul Weiss Rifkind Wharton & Garrison – aka Paul Weiss – who have been paying millions to recruit legal talent in an intense talent war for top dealmaking lawyers. We
Pay to Slay: Paul Weiss Rifkind Wharton Garrison Hiring Frenzy Read More »
Magic Circle Pay Wars Report The Big Law pay wars in London continue with Clifford Chance now lifting its newly qualified pay rates to keep pace with its competitors in the London marketplace, which has now seen junior lawyers’ pay increase by up to 50 percent over the past five years. The pay wars have
The $20 Million Payday Deals Albert Goodwin, LawFuel contributing editor Although ‘lateral’ may mean ‘sideways’, it certainly means ‘UP’ when it comes to lawyer compensation as some of the lateral transfers now occurring among big law firms see the big law pay scale rise to $20 million or more. Heady stuff. The pressure is on
Big Law Pay Scale A Millionaire Maker or Partnership Breaker? Read More »
The NQ Associate Battleground UK law firms are risking future growth prospects with their mounting pay for associates, according to a report in BloombergLaw, quoting various law firm recruiters and others on the London pay battleground that we have been reporting on for some months. The pay rises in recent months have been significant: Linklaters
UK Law Firms Risk Growth in Fueling Associate Pay War Read More »
In the latest salvo of the intensifying war for legal talent among top City firms, Quinn Emanuel has fired a shot across the bow, significantly boosting pay for its newly minted solicitors in London with a major legal pay increase. The powerhouse US-based litigation boutique, the storied ‘most feared’ litigation firm, is raising base salaries
The Legal Pay Wars Heat Up in The City as Quinn Emanuel Ups the Ante Read More »
Law Firm Pay Changes Albert Goodwin, LawFuel contributor Davis Polk chair, Neil Barr, sees the next 18 months as a key period that will reshape the legal industry landscape with increased lateral hiring and changes to law firm pay models, according to a report in Bloomberg Law. Lawfuel reported on the lateral recruitment move in
Big Law Changes For Law Firm Pay and Lateral Hires Read More »
Payday Partners In Deep Cover Albert Goodwin, LawFuel contributor It sounds somewhat sinister, but the ‘black box’ pay system for partner remuneration model that is being used by some big law firms is gaining attention and momentum. In an age of transparency – supposedly – the ‘black box’ model requires deep cover and belies the
Why Are Big Law Firms Using The ‘Black Box’ Pay Model? Read More »
