Money
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Bryan Cave to $160K
In “selected U.S. offices.” Here’s the memo, which was issued yesterday: From: Professional ResourcesSent: Tuesday, October 02, 2007 12:31 PMTo: LAWYERSCc: NBRECSubject: Selected US Offices – Associate Salary Increases Consistent with the Firm’s effort to attract top tier talent in each of our markets, the Firm continuously monitors each market to determine if our compensation […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Atlanta
In our most recent open thread about year-end bonuses, devoted to Texas, there were some requests for an Atlanta post in the comments. But there was also some dissent: There is no need for an ATL bonus thread because the bonus structure there is so simple. For everyone billing less than 2400 hours, nothing. For […] - 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… -
Biglaw, Cheapness, Money
What's Up With WilmerHale?
Some time ago, we received this interesting tip, about WilmerHale (in D.C.): WH continues to go downhill. Why is it that no one ever seems to write or care about this? I’m an associate and treated fairly well. But the support staff receives brutal treatment. I heard that one of our HR people who almost […]
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Biglaw, Job Searches, Law Schools, Money
Non-Top-Tier Law Schools: Better Know A District Market
As we mentioned on Friday, due to the popularity of Non-Top-Tier Law School Week, we’ve extended it to include all of this week. We will continue to explore — and to challenge — the following claim: Even if times might be great for Biglaw shops and the top-tier grads they hire, it’s hard out here […] -
Biglaw, Job Searches, Legal Times, Money, Partner Profits, Skaddenfreude
D.C. Pay Raises: Separating the Men from the Boys? (Plus Rumors of Skadden NY Raises)
Law school can be thought of as a Harry Potter-style “sorting hat” for law students (as Dave Hoffman suggests). Similarly, the recent round of pay raises can be thought of as a sorting hat for law firms. Nathan Carlile has this excellent article in the current issue of the Legal Times: Call it a near […] -
Ann Althouse, Law Schools, Michael Mukasey, Money, Non-Sequiturs, Securities and Exchange Commission, Wall Street
Non-Sequiturs: 09.28.07
* Ann Althouse on the Chelsea Clinton restaurant photo controversy from earlier this week: “‘We reserve the right to exercise any and all options available to us.’ What kind of crap is that?” [Althouse] * Our apologies to Brian Dalton of Vault for the snark from earlier today. How were we to know that a […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Texas
Our last open thread on year-end bonuses, focused on San Francisco, generated a healthy number of comments. Like this one: Where’s the TEXAS bonus thread? Texas is definitely ahead of SF/SV when it comes to biglaw. With the various carpetbagger firms paying NY bonuses and the Bigtex firms paying anywhere from nothing to 80k, I […] -
Clerkships, Federal Government, Federal Judges, Money
Law Clerk Salaries and Benefits: More Details About Recent Changes
Following up on our recent coverage of changes to the salary and benefit schemes for federal law clerks, here’s an interesting article from the Daily Business Review: Federal judges around the country will feel the belt-tightening that has cut into other areas of the judiciary in a rule change that limits their ability to hire […] - 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. -
Biglaw, Money, Patton Boggs, Pro Bono, Skaddenfreude
Nationwide Pay Raise Watch: Patton Boggs to $160K
We received this information from a tipster last night, and a firm spokesperson confirmed it for us this morning. Here it is: Patton Boggs just raised starting salaries to 160,000 for first years for 1950 billable hours. This is a 50 hour bump and a $15,000 bump. They also introduced a new 1800 billable track […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: San Francisco
In the comments to yesterday’s open thread on Boston bonuses, which we thought was going to be the final bonus thread, a number of you requested a thread for SAN FRANCISCO. We don’t know if bonus policies and expectations in San Francisco / Silicon Valley will differ that much from those in Los Angeles (previously […] -
Lawyer of the Day, Money, Plaintiffs Firms, Politics, State Judges
Lawyer of the Day: Mikal Watts
Even when they’re not getting indicted or pleading guilty, high-profile plaintiffs’ lawyers can still entertain us with their antics. From Walter Olson, over at Overlawyered: Looks as if the legal tactics of one politically ambitious Texas plaintiff’s lawyer may have blown up in his face: “Democratic U.S. Senate candidate Mikal Watts of San Antonio once […] -
Biglaw, Job Searches, Malpractice, Money, Thacher Proffitt & Wood
Cadwalader Hit With $70 Million Malpractice Suit
Good things about Cadwalader, Wickersham & Taft: profits per partner of $2.9 million, third behind Wachtell and Cravath. Visits from Cameron Diaz. Bad things about Cadwalader: bed bugs. And $70 million malpractice lawsuits. The indefatigable Anthony Lin has this report, in the New York Law Journal: As the global slowdown in the market for mortgage-backed […] -
Biglaw, Education / Schools, Federal Government, Money, Skaddenfreude
Nationwide Pay Raise Watch: Biglaw Raises, Courtesy of Taxpayers?
We’re sorry to report that we haven’t heard serious and credible raise rumors lately. In fact, we’ve heard more gossip about layoffs in recent weeks than about associate pay increases. The rumors of “NYC to 190”, which used to flood our email inbox, have gone the way of Testa Hurwitz. But here is some reason […]
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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.
Sponsored
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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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…
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…
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Biglaw, Boutique Law Firms, Insurance, Job Searches, Money
Where Do Non-Top-Tier Grads Go? Hello, Insurance Law!
As we previously mentioned, this week is Non-Top-Tier Law School Week at ATL. Even our open threads on job hunting will reflect this theme. One graduate of a non-elite law school sent us this suggested topic: Lots of non-top tier law students end up working for insurance companies. The dumb ones end up doing insurance […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Boston
Our recent open threads, dedicated to discussion of year-end bonuses in different legal markets, haven’t been generating THAT many comments (at least compared to prior open threads). Maybe it’s too early for bonus discussion. Or maybe people just aren’t expecting much this year, given the recent base salary increases. So this may end up being […] -
Associate Salaries, Biglaw, Boutique Law Firms, Duval & Stachenfeld, Job Searches, Law Schools, Money, Skaddenfreude, Small Law Firms
Attention Tier Two Grads: Duval & Stachenfeld Wants You
Never heard of Duval & Stachenfeld? Well, that’s about to change, thanks to the firm’s innovative approach to associate compensation, which is getting some media mentions. From an article by Kellie Schmitt in The Recorder: The 50-lawyer firm, based in New York but with a small L.A. office, starts first-year associates at $60,000 — or […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Washington, DC
We have to step away for a bit. We’ll leave you with another open thread to discuss year-end bonuses. Today we focus on our base of operations: WASHINGTON, DC. If your firm has a stated bonus policy, what are the basic terms? If not, what are you expecting by way of a bonus this year? […] -
Biglaw, Job Searches, Law School Deans, Law Schools, Money, WSJ Law Blog
Loyola 2L Hits the Big Time (Even If Not the Big Law)
On the front page of today’s Wall Street Journal, there’s an excellent article, by Amir Efrati, about the not-so-hot job prospects for non-top-tier law school graduates. Here’s the lede, which nicely summarizes the situation: A law degree isn’t necessarily a license to print money these days. For graduates of elite law schools, prospects have never […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Chicago (and a Reminder About L.A.)
So you can’t get a decent horse meat sandwich in the Windy City. How about a decent year-end bonus? In the comments, please discuss the subject of year-end bonuses for law firm associates in CHICAGO. Topics might include hours cutoffs for hours-based policies, historical patterns in bonus size (e.g. what happened last year), and gossip […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Los Angeles
As we announced earlier today, we’re doing a series of open threads on year-end bonuses. We’re organizing them by city, since bonuses tend to vary by legal market. This post — which some of you have been eagerly anticipating, judging from the attempts to hijack the New York thread — is about LOS ANGELES. Please […]