Comments on: Nationwide Salary Thaw Watch: Akin Gump

By: guest

guest — Tue, 22 Dec 2009 14:31:21 +0000

13, 17 – using ATLs terminology: single bump in base salary; “double bump” via quarterly “true up” payments if you are on pace for 2000 hours in 2010 (500 hours per quarter). Example, if you have a slow first half of 2010 and only get 900 hours by end of Q2, but things pick up in Q3 and you are at 1500 by end of Q3, you get the “true up” payment for Q1, Q2, and Q3 at end of Q3.

By: guest

guest — Tue, 22 Dec 2009 01:22:34 +0000

Akin Gump is one of the most poorly managed firms out there and frankly I am surprised it hasn’t received the type of infamy that L&W received for its piss poor treatment of associates, particularly very junior ones, during the cap markets crisis. Maybe that’s because AG didn’t enjoy a stellar reputation in the first place. I personally witnessed the life of a colleague virtually destroyed either by the blatant mishandling of the associate’s exit or the blatant exploitation of the individual’s good nature in the process. Hard to tell which. Either way, pitiful. To the poster above inquiring about “taking” AG bankruptcy over the other firms. Don’t even think about it. Run the other way.

By: guest

guest — Mon, 21 Dec 2009 20:27:56 +0000

22 — MWE income partner, here (Los Angeles).
I know that the Executive Committee approved an upward adjustment for income partners, effective the second pay period in January. I’ve heard word that their may be a similar increase for associates, but I can’t confirm if its final and for what associate classes.

By: guest

guest — Mon, 21 Dec 2009 19:18:09 +0000

FWIW, I’ve heard some chatter that McDermott is planning a similar “true-up” of associate and income partner salaries, at least in certain markets.

By: guest

guest — Mon, 21 Dec 2009 18:22:22 +0000

16,
you would be retarded to take AK bankr. over the other two.

By: guest

guest — Mon, 21 Dec 2009 17:29:02 +0000

deferral with no stiped? You guys are looking for jobs some place else, right? Because if Akin bails on you, you will be utterly screwed.
Didn’t they withdraw offers after they made them last year? Not very trustworthy///

By: guest

guest — Mon, 21 Dec 2009 17:22:12 +0000

18: lol. no. you are expected to find a paying legal gig for 1 year. good luck with that.

By: guest

guest — Mon, 21 Dec 2009 16:41:43 +0000

Great, does this mean Akin will think about offering a deferral stipend anytime soon?

By: guest

guest — Mon, 21 Dec 2009 16:13:38 +0000

Can someone confirm 13′s reading – a single bump?

By: guest

guest — Mon, 21 Dec 2009 15:24:44 +0000

Comments on Akin’s bankruptcy group? Are the partners a-holes? Would you take it over, say, Kirkland or Davis POlk?