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 […]
Simpson Thacher & Bartlett, one of the world’s leading international law firms, has announced its largest-ever partner promotion class, elevating 44 associates to partner effective January 1, 2025, representing a significant increase from previous years, with 12 more promotions compared to 2023. Simpson Thacher, a LawFuel ‘prestige list’ member, has grown to over 1,000 lawyers
The Big Simpson Thacher Intake – Largest Partner Promotion Read More »
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
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Tom Borman, LawFuel contributing editor Cravath, heading the LawFuel ‘Most Prestigous Law Firm List’ has announced its new partner class for 2025, and it’s a significant step up from last year, promoting seven attorneys to partner, nearly doubling the size of its 2023 class. But one of the big questions that will be interesting to
The Big “Cravath Pay” Question For The Firm’s New Partners Read More »
The idea of proprietary trading firms, as we recognize them today, emerged in the 1980s, coinciding with the growth of hedge funds. Traders and investors who desired autonomy but were not interested in handling client funds discovered a perfect option by becoming proprietary traders. They set up traders to participate, using combined capital to achieve
How Proprietary Trading Firms Navigate SEC and CFTC Regulations Read More »
Ted Olson, a legal giant who shaped American law for over half a century, and who served as Solicitor General, died on Tuesday at 84. Ted Olson was the lawyer other lawyers dreamed of becoming, arguing some of the most important cases of our time with a mix of brilliance and grace that made even
Ben Thomson, LawFuel contributor In a controversial turn of events that underscores the volatile nature of American politics, let alone with its president-elect Donald Trump, Florida Congressman Matt Gaetz stands poised to potentially lead the very department that once investigated him for serious allegations. The proposed appointment has left lawyers in a state of shock,
The “WTF” Reaction To MAGA Attorney General Candidate Matt Gaetz Read More »
Latham & Watkins Names 24 New Partners and 27 New Counsel November 6, 2024 Firm’s new partner class joins 19 counsel who were promoted to the partnership earlier in the year. Latham & Watkins LLP1 is pleased to announce that 24 associates have been elected to the partnership and another 27 associates have been promoted to
Ben Thomson, LawFuel contributing editor Another month, another law merger, this time a $2 billion revenue combination between Herbert Smith Freehills (HSF) and New York-based Kramer Levin. For Herbert Smith Chair Rebecca Maslen-Stannage (pictured) the merger furthers the firm’s US expansion ambitions. The new firm will have 2,700 lawyers and comes on the heels of
What Happens To The Smith Prosecutions of Trump? Tom Borman, LawFuel contributor Donald Trump threatened to fire Special Counsel Jack Smith ‘within two seconds’ should he win the election. He’s won. Smith will effectively be fired. And the prosecutions will be discontinued. Special Counsel Jack Smith brought two major prosecutions against Donald Trump, one alleging
