BigLaw

Hot Summer Bonuses At BigLaw Conceal A Secret

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Following months of market uncertainty, the summer bonus season at BigLaw has exceeded expectations with Milbank’s announcing special bonuses ranging from $6,000 to $25,000 for associates, a cascade of firms has followed suit. But a new trend is also emerging in the way compensation is being handed to associates.

While partners enjoy increased PEP rates with premium work, the competitive world of associate recruitment is seeing some major changes in the way law firms handle the compensation for their top performers at associate level.

The summer bonus season is seeing that trend play out.

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Why Big Law Lawyers Are Walking Away: Exits, Burnout & New Legal Careers

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Biglaw departures

More Big Law associates and partners are choosing to leave than ever before—citing burnout, lack of advancement and remote-era disconnection sparking a seismic exodus toward in-house, startups and boutique law career paths.

The Big Law conveyor belt, once seen as the golden escalator to prestige and partnership, is creaking under the weight of its own expectations.

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BigLaw’s Pay Party: UK Partners Laugh All the Way to Their Third Homes

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Uk partner pay

Which UK Firm Takes The Top Partner Pay? Magic Circle firms post eye-watering PEP figures while associates wonder if they’ll ever afford London rent John Bowie, LawFuel publisher What a delightful time to be a BigLaw equity partner in London. While many mortals navigate inflation and mortgage rates that would make a loan shark blush,

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Damian Williams Leaves Paul Weiss in a Move That Screams Politics Over Profits

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Damian williams lawfuel - The major move from Paul Weiss

Damian Williams isn’t just another high-powered litigator making a lateral leap, he’s making waves, raising eyebrows, and possibly laying the groundwork for a pivot into politics. If you’ve been tracking the latest episodes in the “Trump v. Biglaw” saga, you’ll know this isn’t your average career hop. Williams, the former U.S. Attorney for the Southern District of New York, is stepping out of the white-shoe fortress of Paul, Weiss, Rifkind, Wharton & Garrison LLP just five months after arriving—and into the arms of Jenner & Block, where he’ll co-chair the litigation department out of their New York office.

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Kirkland’s Bold Move to Keep Big Law Partners from Jumping Ship

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Big Law Partner Poaching and Payday Hostages Tom Borman, LawFuel Contributing Writer BigLaw is getting aggressive in its tactics to retain legal talent as the partner poaching and the big money that gets the big talent continues to disrupt the legal market. This trend reflects the growing competition for rainmakers and high-performing partners in an

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Hourly Rate Unveiled: Lawyers Pursue $6 Billion Legal Fee Tied to Musk’s Pay Package

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big law partner earnings drop with Linklaters move

Record Legal Fee Request Tom Borman, LawFuel contributing editor We reported recently on a record-breaking ‘first’ billion dollar legal fee in the Elon Musk executive compensation case – but away under-estimated – with the fee looking at several billion more. The lawyers who successfully challenged Elon Musk’s $56 billion compensation package as excessive are now

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