Money
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Alston & Bird, Biglaw, Bonuses, Clerkships, King & Spalding, Money, Skaddenfreude
Nationwide Pay Raise Watch: Troutman Sanders
The dominoes are falling in Atlanta. Last night, Troutman Sanders made its associate pay raise announcement. From the Fulton County Daily Report: Troutman Sanders raised associate pay $15,000 across the board in its Atlanta, Washington, Virginia and North Carolina offices Thursday, with the starting salary going from $130,000 to $145,000. The firm’s managing partner, Robert […] -
Bonuses, Clerkships, Money, Running, Shameless Plugs, Skaddenfreude
Clerkship Bonus Watch: Quinn Emanuel
Clerkship bonus announcements continue to roll in. Here’s the latest: Quinn Emanuel’s website confirms that they have finally increased their clerkship bonus to $50,000. My understanding is that other prestigious California litigation shops, like Keker and Munger, are still stuck at $35,000. You would make my day if you called them to confirm this (and […] - Sponsored
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Biglaw, Money, New Jersey, Skaddenfreude
Nationwide Pay Raise Watch: Garden State Raises
Time for a quick shout-out to our home state. From the New Jersey Law Journal: It used to be that salaries for first-year associates at large firms remained intact for the year. No more. Increasing pressures to match the pay offered elsewhere have impelled some New Jersey firms to a midyear hike, a sampling of […]
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Attorney Misconduct, Benchslaps, Lawyer of the Day, Legal Ethics, Money, Plaintiffs Firms
Lawyer of the Day: Hank Adorno
Actually, this is a two-for-one. We can also get a Benchslap of the Day out of this item. From the Miami Herald: Prominent attorney Hank Adorno — already under Florida Bar investigation for his role in Miami’s fire-fee scandal — on Wednesday was blasted by the Third District Court of Appeal for what the judges […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: K&L Gates (DC)
This rumor has been around for a while, but we wanted to wait until it was official. Now it is (as of twenty minutes ago): From: Miller, CharlesSent: Thursday, August 09, 2007 1:31 PMTo: WA ASSOCCc: Kalis, Peter; Fried, Susan V.; Graner, Glenn; Carson, Rodney E.Subject: New DC Associate Salaries All: This will confirm the […] -
Biglaw, Bonuses, Clerkships, Kramer Levin, Money, Peter Lattman, Skaddenfreude
Clerkship Bonus Watch: Kramer Levin
Firms continue to raise their clerkship bonuses, although the pace of announcements seems to be slowing. Here’s the latest addition to the $50K/$70K Club: “Kramer Levin increased its clerkship bonus to $50,000 for one year and $70,000 for two years. The info is on their NALP page.” Indeed it is. You can access the firm’s […] -
Biglaw, Money, Perks / Fringe Benefits
Biglaw Perk Watch: Charitable Contributions
Today’s Biglaw benefit of the day: charitable contributions (matching or otherwise). Let’s start with the gold standard of perk providers, Kirkland & Ellis. From a tipster: K&E matches charitable contributions, up to $500 a year, for associates. And for summer associates, too. You can donate to any nonprofit, not just your law school. I thought […] -
Biglaw, King & Spalding, Money, Skaddenfreude
Nationwide Pay Raise Watch: More on King & Spalding
Earlier this week, we reported on King & Spalding raising starting salaries for its associates to $145,000. A subsequent article, in the Fulton County Daily Report, contained this interesting analysis: [Legal recruiter Raffaele V.] Murdocca predicted that King & Spalding would not simply match the new Alston & Bird pay scale for more senior classes. […] - Sponsored
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Haynes and Boone
Several of you have drawn our attention to this news, from the Texas Lawyer: Today, Haynes and Boone partners plan to tell the Dallas-based firm’s Texas associates their salary scale will increase, retroactive to Aug. 1, to the new market rate of $160,000 for first-year associates. Haynes and Boone partner Terry Conner says the new […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Boston Updates
Some Boston salary news, from a helpful tipster: 1. Goulston & Storrs: Raised to 160K. See here. I think that leaves Nutter, McClennan & Fish, Sullivan & Worcester, and Nixon Peabody as the only major Boston shops that have not raised to 160K. (Heck, even Day Pitney raised a little.) 2. Nixon Peabody: They should […] -
Biglaw, King & Spalding, Money, Skaddenfreude
Nationwide Pay Raise Watch: King & Spalding
Good times for associates at King & Spalding in Atlanta. They get kidnapped, but they’re released unharmed. And now they get pay raises! We’ve confirmed the rumor from yesterday afternoon that King & Spalding has raised starting salaries for first-year associates. Here’s the email: We are pleased to announce that, effective January 1, 2008, the […] -
Biglaw, Legal Ethics, Money, Scott Turow
WWJB: What Would Jesus Bill?
To follow-up on the Fried Frank post about prompt submission of one’s time, a reader sent in this suggestion: You should start a thread re: billing practices. For example: 1. Do you bill when you go to the bathroom? 2. Do you bill when a co-worker stops and talks to you for five minutes? 3. […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Baker Botts (Texas)
To $160K and $170K, for first- and second-years, respectively, effective August 1. Here’s the official table, which was an attachment to the email that just went around: Update: One commenter notes: “They have taken compression to a whole new level with the $2,500 raise between 3rd and 4th year.” We agree. Just give the fourth […]
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Biglaw, Heller Ehrman, Money, Summer Associates
Heller Ehrman Summers: 'Where's Our Raise?'
As we have confessed, we have a weak spot for whiny summer associates. Getting paid less than three grand a week, to sample America’s finest restaurants and go on whitewater rafting trips? It’s an injustice! Okay, no, seriously. Many summer associates carry heavy debt loads. It’s not unreasonable for them to argue they should be […] -
Alston & Bird, Bad Ideas, BARBRI, Biglaw, Cheapness, Money, Skaddenfreude
Nationwide Pay Raise Watch: Alston & Bird, Called Out
We’re delighted to see that ATL has so many readers in ATL. And we apologize for that one time we were mean to you. (We don’t know what got into us; guess it was that time of the month.) This morning’s post about the Alston & Bird raise, which will take effect shortly before your […] -
Biglaw, Bonuses, Clerkships, Dewey Ballantine, Money, Skaddenfreude
Clerkship Bonus Watch: Dewey Ballantine
Please welcome a new member to the $50K Club: “Dewey Ballantine just raised its clerkship bonus. $50K for a federal clerkship or the highest court of any state.” If you’re aware of any judicial clerkship bonus news that hasn’t previously appeared here, please email us (subject line: “Clerkship Bonus”). In addition, if you’re planning to […] -
Alston & Bird, Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: As Alston & Bird Flies, Will the Rest of Atlanta Follow?
Yes, we’ve confirmed the rumor: Alston & Bird has raised associate salaries in Atlanta. But before you rejoice, consider the details — the actual numbers, and the effective date. From a tipster: An email went around at 6:05 p.m. [on Wednesday]. The raises take effect on January 1, 2008, and there is heavy compression: 1 […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Fulbright & Jaworski (Texas)
The executive committee of Fulbright & Jaworski just took this action with respect to associate compensation in Texas: “After due consideration of all relevant data and after listening to our clients, our partners, and our associates on the issue at hand, the Firm has determined that we will raise base compensation for associates in Texas […] -
Associate Salaries, Biglaw, Money, Skaddenfreude
NYC to $200K? The American Lawyer Weighs In
The American Lawyer’s 2007 Associates Survey is now available, via Law.com. Good stuff! A summary of the survey’s key findings, by editor-in-chief Aric Press, appears here. The WSJ Law Blog collects additional highlights here. It seems that ATL readers and law firm consultants aren’t the only ones predicting pay raises in the reasonably near future. […] -
Arent Fox, Biglaw, LeBoeuf Lamb, Money, Skaddenfreude
Nationwide Pay Raise Watch: Arent Fox, Seyfarth Shaw, LeBoeuf Lamb
We have a few associate pay raise developments to report this morning. Some of these items were announced some time ago, but they haven’t written about in these pages until now. Here they are: 1. Arent Fox: The firm now pays a starting salary of $160,000 in New York, D.C., and California, according to the […]