Money
-
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: A Pre-Announcement from Kirkland & Ellis
For associates in the New York office of Kirkland & Ellis, this Wednesday is when they’ll learn their financial fate: From: Jonathan PutnamTo: New York AssociatesCc: John Desmarais, John Kuehn, Michael Movsovich, Maria DavalosSent: December 17, 2007Subject: Associate Bonus Meeting As in past years, John Desmarais will give a short presentation this week to explain […] -
Biglaw, Money, Skaddenfreude, Williams & Connolly
Nationwide Pay Raise Watch: Williams & Connolly to $180K
The litigation powerhouse of Williams & Connolly has announced associate pay raises, effective January 1, 2008. We have confirmed the fact of the raise with sources at the firm. There was no comprehensive memo, so we’re not 100 percent certain of the specific numbers. But word on the street is that the new pay scale […] - Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms. -
Biglaw, Bonuses, Job Survey, Money, Skaddenfreude
Featured Job Survey: Bonuses
Last week, our Associate Bonus Watch kicked back into high gear, with news (or teasers) from Ropes & Gray, Sidley Austin, Chadbourne & Pourke, Arnold & Porter, Wachtell, Fried Frank, and O’Melveny & Myers, as well as pay raise news from Boies Schiller. Today’s ATL / Lateral Link Featured Job Survey keeps that thread alive. […]
-
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Sidley Austin (Non-New York)
For non-New York associates of Sidley Austin, Monday is the big day. The firm just sent out a memo informing them that bonuses will be distributed at that time. As you may recall, the firm previously announced special bonuses, but only for its New York office — news that was not well-received outside of NYC. […] -
Biglaw, Job Survey, Money, Reader Polls
Featured Job Survey Resuts: How Much Is Your Time Worth?
Here are the results from yesterday’s Featured Job Survey, brought to you by ATL and Lateral Link, which inquired into billing rates. More than 700 of you responded to yesterday’s survey, not counting a few dubious entries. In case you were wondering, yes, we really do discard your response if you claim to be billing […] -
Bonuses, Cheapness, Money, Sports
Morgan Lewis to... Free Ski Trips?
Last month, Morgan Lewis & Bockius issued a bonus non-announcement — a placeholder memo, indicating that bonus news would be forthcoming. Perhaps MLB associates have reason to be optimistic. The firm must be saving some money, since it’s making associates pay their own way on the ski trip of Business and Finance Practice Group. Our […] -
Associate Bonus Watch 2007, Bonuses, Midsize Firms / Regional Firms, Money, Skaddenfreude
Associate Bonus Watch: Midsize / Regional Firms
Our recent open thread about boutique law firms prompted another request for more beyond-Biglaw discussion: Not really a tip, but how ’bout a thread on midsize firms — not quite big law, which has been going on for a while, and not quite boutique, which you just recently posted. I’m talking 75-200 attorney type firms […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Wachtell Weighs In(100 Percent Bonuses, Again? Where's the Suspense in That?)
We have confirmed the rumor that has surfaced here and there in the comments: Wachtell, Lipton, Rosen & Katz once again paid year-end bonuses to its associates that were 100 percent of their base salaries (which are already above-market; starting salary at WLRK is $165,000). This is consistent with past practice; Wachtell has paid 100 […] - Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use. -
Biglaw, Job Survey, Money, Reader Polls
Featured Job Survey: How Much Is Your Time Worth?
Attorney billing rates continued to rise in 2007, as just reported by the National Law Journal, based on its annual survey. With this news hook, we bring you the latest ATL / Lateral Link Featured Job Survey, which inquires into billing rates. If you’re interested, check out and respond to the survey, which appears after […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Chadbourne & Parke, Money, Skaddenfreude
Associate Bonus Watch: Chadbourne & Parke
Yesterday at around 5:30 p.m., just as the New York office was getting ready to head off to the firm holiday party, Chadbourne & Parke issued its bonus memorandum. The upshot is that Chadbourne is paying year-end and special bonuses to “eligible” associates in New York, Los Angeles, Washington, and Houston (yes, Houston — wow). […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: So What's Up with O'Melveny & Myers?
Maybe you can tell us. We heard that the associates’ meeting for O’Melveny & Myers’s New York office was muddled, with no clear answer or bright-line rules about the firm’s bonus policy. What we have gathered, however, is that the firm did not do a “true match” of year-end and special bonuses. Associates will be […] -
Arnold & Porter, Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Arnold & Porter (New York)
Just in time for its holiday party, which is taking place tonight, the New York office of Arnold & Porter has announced bonuses. It appears to be following the example of other non-New York firms — e.g., Covington & Burling, WilmerHale, and Sidley Austin — and paying its New York associates better than their non-NYC […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Contract Attorneys, Money, Paralegals, Skaddenfreude
Associate Staff Attorney Bonus Watch: Open Thread
In the absence of more associate bonus news — we’ve heard rumors of various committees at various firms meeting, but we have no new announcements — let’s move on to a related subject. What about bonuses for staff attorneys, the non-partnership-track lawyers employed by many large law firms? Here’s what one of them had to […]
Sponsored
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…
Sponsored
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…
Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
Sponsored
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.
Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms.
-
Biglaw, Bonuses, Money, Skaddenfreude, Thacher Proffitt & Wood
Nationwide Pay Raise Watch: Thacher Proffitt???
In the world of Biglaw, bad news and good news go hand in hand these days. Recall that Clifford Chance announced associate layoffs and generous bonuses in the same week. And now Thacher Proffitt & Wood, on the heels of yesterday’s news about likely future layoffs, is raising base salaries for its senior associates. We […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Hughes Hubbard and Reed
To respond to yesterday’s question: No, it’s not all over. There’s still some gas left in the associate bonus watch tank. Last night brought an a bonus announcement from Hughes Hubbard and Reed. It’s a somewhat complicated bonus system, based on a system of “tiers.” A tipster identifies these highlights: Tier 1 = 1950 hoursTier […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Is It All Over?
Wow. It looks like we haven’t had associate bonus news to report in almost a week. Our last Associate Bonus Watch post was last Tuesday’s WilmerHale announcement. (We don’t count last Wednesday’s bonus post, since it dealt with bonuses for support staff.) So does this mean it’s all over? Has bonus season, which started early […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Paralegals, Willkie Farr
Associate Support Staff Bonus Watch: Open Thread
We’re sorry we don’t have more associate bonus news to report. Unfortunately, we have to wait for it to happen; we can’t just make it up. So while we wait for more announcements — it’s the Wednesday before Thanksgiving, so we’re hoping for some announcements in the afternoon — let’s talk about a related subject: […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Paralegals, Willkie Farr
Associate Support Staff Bonus Watch: Open Thread
We’re sorry we don’t have more associate bonus news to report. Unfortunately, we have to wait for it to happen; we can’t just make it up. So while we wait for more announcements — it’s the Wednesday before Thanksgiving, so we’re hoping for some announcements in the afternoon — let’s talk about a related subject: […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: WilmerHale (New York)
Sorry, we don’t have any memo (and we don’t know if there will ever be one). But we can confirm for you that the New York office of WilmerHale announced bonuses yesterday. We’ve been informed that the bonuses are at market levels (year-end and special). The announcement was made yesterday at a live meeting. One […] -
Associate Bonus Watch 2007, Bonuses, Money, Wall Street
Associate Bonus Watch: Wall Street
No, not law firm associates — associates at investment banks. In the absence of more law firm bonus news, let’s talk about your friends and classmates on Wall Street, who are still making way more money than you (assuming they haven’t been laid off; hey, bigger risk, bigger reward). From Bloomberg News: Shareholders in the […]