In the realm of Biglaw, marked by a cautiously optimistic atmosphere, Milbank has taken a bold step by elevating first-year associate salaries to an unprecedented $225,000. However the reality of the pay rise may be something else. The Milbankmove not only sets a new standard in legal remuneration but also signals a robust confidence in
The big law bonus season has commenced with Milbank announcing pay rises for their lawyers
Big Law Bonus Season Is Here . . And Milbank Are Kicking It Off Read More »
White & Case have made the first leadership change in 16 years appointing litigator Heather McDevitt to the top spot
BigLaw Pay: Understanding the Salaries of Top Law Firms Tom Boman* Tired of hearing about the massive money made by associates at Big Law firms – and their bonuses and varied BigLaw pay benefits? No doubt. But let’s take a look at just what the biglaw pay scale that we have previously reported actually means
BigLaw Layoffs Continue Bryan Cave Leighton Paisner recently made the decision to lay off 47 legal secretaries and administrative staff across its offices worldwide in a move that follows other BigLaw layoffs. Bryan Cave resulted from a major merger lead by two ‘power women’ attorneys in 2019. Out of the total number of employees affected,
Law Firm Bryan Cave Cuts Staff in Response to Decreased Demand Read More »
Cravath are restructuring their long-established London office with a scale back on lawyer numbers, something the ‘Cravath Scale’ prestige law firm has not done before
Layoffs at Prestigious Cravaths Highlight Evolving Legal Landscape Read More »
Rich list law firm Withersworldwide has sought a capital contribution from junior partners, the first major law firm to seek capital from partners in the current rrecession
Rich List Law Firm Needs To Cough Up Its Own Money Read More »
Kirkland & Ellis is a billion dollar revenue machine but it still faces issues attracting key legal talent – why?
Baker McKenzie has matched the big lift in associate salaries by adding $10,000 to the $20,000 paid to lawyers in the one-year to eight-year experience level. The lift follows the ongoing rise in biglaw associate pay levels, pushing the payments to their highest level. The Baker McKenzie move is backdated to January 1. First year
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 »
