Money
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Money, Plaintiffs Firms, Romance and Dating, Rudeness, Weddings
This Won't Help the Reputation of Trial Lawyers
Last week, our friends over at the WSJ Law Blog asked: “Why do ‘trial lawyers’ have such a bad name?” One possible answer: Because they abandon their brides at the altar. From the Miami Herald: Walk-away groom: Jim Ferraro, multimillionaire trial lawyer. Ferraro, set to marry prominent real estate broker Patricia Delinois on Friday in […] -
Law Schools, Money
Law School Loans, Loan Consolidation, and Refinancing: Open Thread
In case you haven’t noticed, the economy is headed for the toilet (assuming it’s not there already). The White House and the Federal Reserve have declared their intent to rush to the economy’s defense, although it may be too little, too late. Even if the lowering of interest rates can’t save the faltering economy, it […] - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Bonuses, Money, Skaddenfreude
A Seven-Figure Payday for Boies Associates?
Quite possibly. From the American Lawyer (via NYLawyer.com (subscription)): [David] Boies, the founder of Boies, Schiller & Flexner, loves the thrill of placing bets both at the casino and on big contingency cases. In November one of those bets paid off when Visa Inc. agreed to pay his client American Express Co. as much as […]
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Biglaw, Bonuses, Job Survey, Money, Skaddenfreude
Featured Job Survey Results: Bonus Timing
Last month, our ATL / Lateral Link job survey asked you when your firms paid bonuses, and whether you were planning on changing jobs once those bonuses got paid. About 900 of you responded (and got to see bonus and survey breakdowns for Los Angeles as a reward). Not surprisingly, most of you in major […] -
Biglaw, Money, Skaddenfreude, Williams & Connolly
Reading the Associate Compensation Tea Leaves(And a Digression on Billable Hours)
We’re a week or so into 2008, which raises the question: a new year, a new associate pay raise? One might expect pay raises to be announced around fall recruiting time, to entice the 2Ls. Historically, however, the last two base salary increases were announced in January (perhaps in an effort to reduce the post-bonus […] -
Allen & Overy, Associate Bonus Watch 2007, Biglaw, Bonuses, Kramer Levin, Money, Skaddenfreude, Thacher Proffitt & Wood
Associate Bonus Watch: Monday Round-Up(Plus a Hint of a Base Salary Increase?)
Bonus season is still with us, although it’s winding down. Announcements continue to trickle in, but at a reduced pace. Going forward, we will combine bonus info into omnibus posts that will go up periodically, depending on whether we have a critical mass of tips. Here is today’s compilation of associate bonus news — plus […] -
Biglaw, Health Care / Medicine, Law Schools, Money, Pro Bono, Skaddenfreude, Wall Street
Law and Medicine: Not As Cool as They Used To Be?
That’s the basic question posed by this interesting piece, currently the most emailed article on the New York Times website. After describing some of the sufferings of lawyers and doctors today, Alex Williams writes: [I]n the days when a successful career was built on a number of tacitly recognized pillars — outsize pay, long-term security, […] -
Biglaw, Bonuses, Job Survey, Money, Skaddenfreude
Featured Job Survey Results: Bonuses (Boston)
We have received over 1,300 responses to our ATL / Lateral Link survey on bonuses (accessible here). So far, we’ve told you about New York, Washington, Chicago, Los Angeles (take the survey on that page to see the results), and San Francisco / Silicon Valley. Today’s new results are from Boston. Because a number of […] - Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: A Few More Updates
The holiday season is pretty much over, and bonus season kinda is, too. But it’s not completely over, so we’ll still bring you occasional updates on news that comes across our desk. If you have information to share, please email us (subject line: “Associate Bonus Watch”). While placing info in the comments is helpful, comments […] -
Biglaw, Bonuses, Job Survey, Money, Skaddenfreude
Featured Job Survey Results: Bonuses (San Francisco / Silicon Valley)
We’ve received over 1,300 responses thus far to our ATL / Lateral Link survey on bonuses (accessible here). Before the holiday break, we shared with you the results for New York, Washington, Chicago, and Los Angeles. Today’s new results are from San Francisco & Silicon Valley. Surprisingly, base salaries from those of you who responded […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: A Post-Holiday Round-Up
Since our last compilation of bonus news, which was issued before the holiday, we’ve received some new announcements. Some of them have been mentioned already in the comments, but have not yet appeared on the main page. But we have verified them, and they are legit. So, for the record, here they are: 1. Dechert […] -
Biglaw, Money
Whither the Billable Hour?
Over the break, a reader sent us this article, accompanied by a quip: “Looks like BigLaw is funding some new research.” Our first reaction: A brain chemical you snort to replace sleep? It’s called “cocaine.” But today we have a second reaction: Would such research, if funded by Biglaw, be a waste of time? Law […] -
Cardozo Law School, Money, New York Times, Thacher Proffitt & Wood, Weddings
Legal Eagle Wedding Watch 11.11 - 11.25: Jamaican Me Wealthy
The Legal Eagle Wedding Watch is kicking off 2008 with a few leftovers from 2007. But we think you’ll agree that these offerings are worth savoring. These couples have got a little bit of everything: brains, looks, athletic ability, and (something that never goes stale) lots and lots of money. Here are the contenders: 1.) […]
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Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so…
Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms.
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Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get…
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
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Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
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Akin Gump, Associate Bonus Watch 2007, Biglaw, Bonuses, Hogan & Hartson, Money, Sheppard Mullin, Skaddenfreude
Associate Bonus Watch: A Pre-Holiday Round-Up
Let’s send you into the holiday weekend with some associate bonus news. Here are some law firm bonus announcements that haven’t been previously covered in these pages. (Firms that previously announced their bonuses, but are being sneaky about the exact amounts and/or the percentage of associates getting them, will be addressed separately. This post is […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: O'Melveny & Myers Defends Its 'Below-Market' Bonuses
As you may recall, the reaction of ATL readers to the bonus announcement of O’Melveny & Myers was decidedly unfavorable. Now the Daily Journal (subscription) — in an article entitled “O’Melveny & Myers’ Below-Market Bonus Disappoints Associates,” by Maya Meinert and Rebecca Cho — has taken notice: This week’s bonus announcement from Los Angeles-based firm […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Kirkland & Ellis's Generous Bonuses
Information is now trickling in about bonuses at Kirkland & Ellis. Last week we had heard — through the grapevine, from a social acquaintance of a K&E share partner — that they would be good. It appears that the scuttlebutt was correct. A K&E source in Chicago, class of 2006, reports hours of 2050 and […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: O'Melveny & Myers (CA and DC)
O’Melveny & Myers just announced associate bonuses for its offices in California and Washington, DC. One of the tipsters who sent us the memo is not pleased: Attached is the memo that O’Melveny & Myers associates just received. The figures for the “class bonus” appear to be far below the standard bonus at other comparable […] -
Biglaw, Bonuses, Job Survey, Money, Skaddenfreude
Featured Job Survey Results: Bonuses
So far, we’ve received about 1,000 responses to yesterday’s ATL / Lateral Link survey on bonuses. So far, we’ve discovered that around 40% of associates receiving bonuses think their bonus is too low, which is just slightly higher than the percentage of associates who think their hourly rates are too high. Coincidence? Since over a […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Open Thread for Firms That Have Nixed Special Bonuses
We’ve heard complaints from numerous associates claiming that their law firms are using vague bonus policies to lowball them on bonuses. While we understand why these associates are upset, we can’t say we’re surprised. The whole point of a bonus policy that contains an element of discretion is the ability to pay some associates less […] -
Ave Maria School of Law, Fast Food, Food, Law Schools, Money, Religion
Does Domino's Dough Not Go Far Enough?
We thought the whole point of Ave Maria Law School, founded by Domino’s pizza founder Thomas Monaghan, was that with enough money, you can do whatever you want. E.g., establish a very conservative, Catholic law school, and not care if the liberal legal academy raises its eyebrows — ’cause you could buy and sell them, […]