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
The devastation in the Ukraine rendered by Russian forces is one thing, but Moscow is being abandoned with growing force as big law firms continue to desert the Russian legal landscape. Six leading international law firms have announced plans to pull out of Russia today, including global giants Latham & Watkins and Freshfields Bruckhaus Deringer,
Leaving Moscow – More Big Law Firms Leave Russia Read More »
The US Big Law firms breaching the $200,000 salary scale for associates has been the subject of a new Big Law salary scale survey in an AboveTheLaw report that follows the $200k limit breached by Millbank in June 2021. Millbank fired the first shot in the associate salary scale war as we have reported and
The Big Law Bonus Season for Associates Sees Further Lift In Big Law Salary Scale Read More »
The Pandemic does not appear to have harmed too many Big Law Firms Big Law continues to report large ‘pandemic profit’ growth, as Cooleys and White & Case report double digit growth in 2020, while Hogan Lovells reports profits per partner (PPP) jumping 30 per cent from 2019 to 2020. The pandemic has seen revenues
Big Law Firm ‘Pandemic Profits’ Continue With Strong Growth Read More »
The Big Law firms have been kicking off their bonuses with some using tailored bonuses to associates rather than the usual ‘bonus-for-all’ situation. And some firms are paying above the market rate, including boutique law firms who will occasionally focus on particular practice areas. Irell & Manella, for instance, has had a number of departures
Big Law & Boutique Law Firm Bonuses Boost Law Pay Read More »
The discrimination lawsuit brought by plaintiffs across the United States and against Jones Day has been discontinued. Claims of a ‘black box’ compensation system used by the law firm allegedly meant the law firm kept their pay below that made to men at the law firm. US District Judge Randolph Moss of the District of
‘Black Box’ Pay Discrimination Claims Against Jones Day Dropped Read More »
Clifford Chance is to ‘neutralize’ gender-specific language from its legal documents by using a new artificial intelligence tool that will remove greetings like ‘Dear Sir’ to provide a non-sexist language to its documents. ‘He’ or ‘she’ will be replaced with ‘they’ or ‘them’ in the future documents and ‘chairman’ will b no more. The move
Deloitte once again demonstrates the ambitions of the Big Four accountants to push into the legaltech market.
Deloitte Buy LegalTech Firm To Further Push Deloitte Legal Into Law Space Read More »
Law firms are scrambling to hold costs and overheads in any way they can, including eyeing employment changes and payment distributions. One firm that has attempted to avoid taking the coronavirus financial hit is Allen & Overy who have taken a bunch of measures they describe as “prudent management measures”. The firm has altered its
How One Big Law Firm Is Working To Contain Coronavirus Financial Fallout Read More »
The annual Vault rankings are always keenly awaited and with 20,000 Associates ranking US law firms this year the rankings remain of keen interest. But which firms rank tops? The top ranking 10 US law firm as ranked by Vault follow – Cravath, Swaine & Moore LLP With two centuries under its belt, Cravath, Swaine
