Money
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Akin Gump, Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Texans Fill Their Ten Gallon Hats With Cash
Following closely on news of the Vinson & Elkins raise, Andrews Kurth has also raised salaries for first- and second-year associates, to $160,000 and $170,000, respectively. As explained in the memo, the firm is “still working on the details of the compensation structure for other associate classes.” Here’s an article from the Texas Lawyer. What […] -
Biglaw, Food, Money, Reader Polls, Summer Associates
Summer Lunchin': Slate Snarks on Simpson
We’re late to the party on this one. Many of you have already emailed us this Slate piece, in which Daniel Gross goes to town on Simpson Thacher’s “Chow for Charity” program. Article title: “Fifteen Dollars Worth of Smug.” We first read about Simpson’s program in this great New York Observer article: [A]t Simpson Thacher […] - Sponsored
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Biglaw, Boring Stuff, Money, Old People, Perks / Fringe Benefits
Biglaw Perk Watch: Retirement Benefits and Financial Planning
We continue our series examining perks or fringe benefits provided by legal employers. We’ve already covered technology allowances, gym memberships, marriage bonuses, and help with housing. Today we tackle a subject that’s kinda boring, but very important: retirement benefits and financial planning. If you don’t think about this stuff now, you’ll be chewing ramen with […]
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Is Texas Biglaw Raising -- Finally?
Word on the street is that Vinson & Elkins has raised salaries for its Texas and Washington associates. But we haven’t confirmed it directly with someone at V&E. If you can confirm this rumor, please email us. Update (11:08 AM): That was fast; thanks! It’s confirmed: V&E has raised associate salaries for first- and second-year […] -
Biglaw, Bonuses, Clerkships, Money, Williams & Connolly
Clerkship Bonus Watch: Williams & Connolly, Orrick
Confirmed news of two more firms raising their clerkship bonus amounts: 1. Williams & Connolly: From $25K to $35K. 2. Orrick: From $15K to $40K. If you get wind of clerkship bonus news, please send it our way (subject line: “Clerkship Bonus”). Thanks. -
Biglaw, Money, Skaddenfreude, Williams & Connolly
Nationwide Pay Raise Watch: What's Up With Baker & McKenzie?
Over in the D.C. office of Baker & McKenzie, the natives are getting restless. They’ve prepared this cute little bar graph (thumbnail image; click to enlarge): The graphic above also reflects that Williams & Connolly now pays starting salaries of $165,000. We hadn’t heard (or written) about that news, but it’s official. Does anyone have […] -
Biglaw, Bonuses, Job Searches, Money, Shameless Plugs, Skaddenfreude, Technology
An Update on Quinn Emanuel and EE Degrees
This is a follow-up to yesterday’s post about Quinn Emanuel, which was considering adopting a pay system in which associates with coveted electrical engineering degrees would earn higher base salaries than their less well-endowed colleagues. We contacted name partner John Quinn, but he hasn’t gotten back to us. Through other channels, however, we’ve learned what […] -
Biglaw, Money, Perks / Fringe Benefits, Real Estate
Biglaw Perk Watch: All Things Housing-Related
Oops, we briefly dropped the ball on our continuing series about perks or fringe benefits provided by legal employers. In prior posts, we covered technology allowances, gym memberships, and marriage bonuses. Recently a tipster asked us if any law firms out there would help him out with buying a house. We believe he was thinking […] - 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… -
Biglaw, Intellectual Property, Litigators, Money, Skaddenfreude, Technology
Quinn Emanuel: More Money for Electrical Engineers?
We received an interesting email about a month ago. We meant to write about it back then, but never got around to it. But since we haven’t read about it elsewhere (please correct us if we’re wrong), we figure it’s still fair game for discussion. Here’s the start of the email. It’s from John Quinn, […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: O'Melveny & Myers, Morrison & Foerster
We’re back. It’s Monday. We don’t like Mondays. We’re feeling sluggish today. So we’ll take the path of least resistance, and start a thread about an ATL staple: clerkship bonuses. We have some good news about two new (and non-New York) firms. First, the rumor about O’Melveny & Myers can be treated as confirmed. We […] -
Ann Althouse, Bad Ideas, Education / Schools, Law Schools, Money, Politics
Wisconsin Lawmaker Seeks Death Penalty for Law School
Ann Althouse, call your dean! A Wisconsin lawmaker wants to address what he thinks is an overpopulation of lawyers in the state — by ending state funding for the University of Wisconsin Law School. State Representative Frank Lasee (Lah-SAY’) says the state doesn’t need any more ambulance chasers or frivolous lawsuits. The Green Bay Republican […] -
Biglaw, Money, Skaddenfreude, United Kingdom / Great Britain
Biglaw Pay Raise Watch: Paul Hastings to 180 In London
We previously had an open thread on London salaries, when Weil and Cleary went to 180 and Latham went to 190. Now TheLawyer.com reports that Paul Hastings has raised to £90k, or roughly $180k, in its London offices. So we’ll ask again: does this make London more attractive than New York? Will the London raises […] -
Biglaw, Money, Perks / Fringe Benefits, Weddings
Does It Pay to Be Married In Biglaw?
A rather odd rumor recently came across our desk that Davis Polk hands out marriage bonuses of $500. That’s right, $500 for being married (and if you’re married to someone at Davis Polk, you each get $500, according to the rumor). We hadn’t heard of this at Davis Polk or anywhere else previously, so we […]
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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…
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Biglaw, Job Searches, Law Schools, Money
It's Hard Out Here for Non-Top-Tier Law School Graduates
Based on the comments to our last post, it’s clear that many of you want to talk about job opportunities — or the lack thereof — available to folks who aren’t at so-called “top tier” law schools (or who aren’t at the top of their class at non-elite law schools). As it turns out, we […] -
Biglaw, Money, Perks / Fringe Benefits, Shopping, Technology
A Clarification About iPhones at Skadden (and Open Thread on Tech Allowances)
On Friday, we reported that if you’re at Skadden, you can use your $3,000 technology allowance to buy an iPhone. We now have some clarifications about that good news. From a Skadden source: 1. While you can use your tech allowance to buy just about anything “tech-y” at Skadden, the tech dept has made it […] -
Biglaw, Money, Real Estate, Skaddenfreude
Bad News for Atlanta Associates?
Atlanta associates, don’t get us wrong. We are on your side. Here at ATL, we fully support the quest of associates in ATL to obtain just compensation for their law firm labors. But it’s not a good sign when your local real estate market is going down the tubes, as suggested by an article in […] -
Biglaw, Money, Skaddenfreude
More Wacky Rumor-Mongering: Skadden to $195K?
Quite some time has passed since our last unverified rumor about large New York law firms raising associate salaries. And hey, today is Friday. So let’s indulge! The latest grist for the rumor mill comes from a fairly reliable source. We assure you that it’s NOT from a summer associate who, while barfing his guts […] -
Biglaw, Money, Tax Law, White-Collar Crime
Lawyer of the Day: Justine Clark
Kelley Drye & Warren partner Justine Clark looks like a younger, brunette version of Madeleine Albright. But the similarities probably end there, since one would expect the former Secretary of State to pay her taxes. From the Temporary Attorney blog: Justine Clark, a partner at Kelly Drye & Warren, just plead guilty for failing to […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise: Dickstein Shapiro
Dickstein Shapiro has raised to the $160K scale, for its offices in Los Angeles and Washington, DC. Those offices are now on the same salary schedule as the firm’s New York office (previously posted here). The email announcing the pay raise, from firm chairman Michael Nannes, appears after the jump. It came out some time […] -
Biglaw, Bonuses, Clerkships, Media and Journalism, Money, SCOTUS, SCOTUS Clerks Are Fair Game, Skaddenfreude, Supreme Court, Supreme Court Clerks
Supreme Court Clerk Bonuses to $250K?
In our recent New York Times op-ed piece praising lavish signing bonuses for Supreme Court clerks, we wrote that the bonuses “are expected to reach $250,000 this year — paid on top of starting salaries approaching $200,000.” Some people have inquired into the factual basis for our statement. As it turns out, we did some […]