Clifford Chance

Associate Bonus Watch: Clifford Chance Matches, Too

By

stack of bills cash money.jpgPer this posting, which reprints what appears to be the Clifford Chance bonus memo:

On behalf of all the partners, we are pleased to announce the 2006 bonus levels for our U.S. associates. In connection with the annual associate performance review, the Firm will pay bonuses according to the following bonus levels by class:
Class of 1999 and more senior $65,000
Class of 2000 $60,000
Class of 2001 $55,000
Class of 2002 $50,000
Class of 2003 $45,000
Class of 2004 $40,000
Class of 2005 $35,000
Class of 2006 $30,000 (prorated)
Bonuses will be paid to associates in our U.S. offices on January 5, 2007.
Thank you for your dedication and hard work throughout the year. We wish you and your families a happy and healthy holiday season.

Unlike most other bonus memos, the CC memo starts with the most senior class (and biggest bonus), then works its way down. How creative! How wild ‘n crazy! Is Associate Bonus Watch fun, or what?
(That said, it’s not as much fun as this Clifford Chance memo.)
CC matches [Infirmation / Greedy NY]
Associates Concerns [Clifford Chance LLP via InternalMemos.com]

0 Comments

Musical Chairs: 10.31.06

By

musical chairs above the law legal blog above the law legal tabloid above the law legal gossip site.GIFTons of moves to report today — and these are just the highlights:
New Partners:
* Latham & Watkins — which, as discussed yesterday, is very popular with Supreme Court clerks — has elected 26 new partners, in offices around the country. That’s enough lawyers to start a whole new law firm.
You can check out their names here. If you graduated from law school around 1998, you probably know some of them.
“Magic Circle” Hiring Spree:
The top British law firms — aka the “Magic Circle” firms — continue to cast spells over U.S. practitioners, who have been flocking to their American offices in droves.
* Louis Kimmelman, former co-chair of O’Melveny & Myers’s international arbitration practice, is heading to Allen & Overy’s rapidly growing New York office. Kimmelman regularly appears before the International Court of Arbitration of the International Chamber of Commerce, the American Arbitration Association, and other tribunals.
* Finance lawyers Zarrar Sehgal and Anthony Lopez III, to Clifford Chance (NY), from Milbank Tweed and Cahill Gordon, respectively.
Lateral Moves:
* Corporate and securities lawyer Michael Student, to Brown Rudnick, from Holland & Knight.
* Tax lawyer James Tander, corporate lawyer Patrick de Carbuccia, and real estate lawyer Michael Pollack, to Reed Smith (NY). They come from, respectively, Skadden Arps, Willkie Farr, and Withers Bergman of (New Haven, CT).
Government to Private Sector:
* Sharon McCarthy, a former deputy chief of the U.S. Attorney’s Office for the Southern District, to litigation and tax boutique Kostelanetz & Fink, as a partner.
Internal Promotions:
* Paul Tvetenstrand, a partner in the structured finance practice group, has been elected chairman and managing partner of Thacher Proffitt & Wood.
Latham & Watkins Elects 26 New Partners [Latham & Watkins]
NY Partners Switching Firms, NY Lawyers On the Move [NYLawyer.com]
More NY Partners Switching Firms [NYLawyer.com]
Firm Promotes 26 to Partnership [NYLawyer.com]
NY Practice Leader Switches Firms [NYLawyer.com]

0 Comments

In the Future, All Document Review Will Be Done By Dell Customer Support Reps

By

indian woman from india.jpgNot sure how we feel about this development:

For years, outsourcing has been a dirty word inside the world of white-shoe law firms…. A number of large law firms, though, are starting to tiptoe onto far-flung shores.

The latest is Clifford Chance, one of the largest law firms in the world with 29 offices in 20 countries, which will announce plans today to consolidate and move big chunks of its administrative functions like accounting and technological support to an operation in Delhi, India, by next spring.

Ah yes, Clifford Chance — already renowned for its spectacular associate morale.
We’re sure CC associates will love it when their computer freezes up at 2 a.m. the night before a closing, they call the dubiously-named “Help Desk,” and they spend 45 minutes trying to explain the problem to an Indian woman who insists that yes, she really IS named “Rhonda.”
On the other hand, outsourcing all boring tasks could be good for law firm associates over the long term. Can Bangladeshis be trained to conduct due diligence?
Law Firms Are Starting to Adopt Outsourcing [New York Times via How Appealing]
Outsourcing: Everybody’s Doing It, Even Law Firms [WSJ Law Blog]
Clifford Chance LLP: Associates’ Concerns [Internal Memos]

1 Comment
Page 7 of 71...34567