Money
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: DLA Piper
It’s been all over the comments, so it’s not exactly breaking news. But we have verified it with a source at the firm. The DLA Piper memo, from your pals Larry, Moe and Curly Frank, Lee and Terry, appears after the jump. P.S. We intend no disrespect to the work that Frank Burch, Lee Miller, […] -
Biglaw, Money, Sheppard Mullin, Skaddenfreude
Nationwide Pay Raise Watch: Kirkland & Ellis and Sheppard Mullin
Some more good news on the associate pay raise front: 1. Kirkland & Ellis: “The Firm Committee has approved increases to our associate base salaries in our California, Chicago, and Washington, D.C. offices, retroactive to May 1, 2007.” So K&E is now on the $160K scale — not just in California and D.C., which was […] - 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, Money, Skaddenfreude, Tax Law
Nationwide Pay Raise Watch: Looking to Sidley as Your Savior?
If you’re an associate at a top Chicago law firm, hoping that Sidley Austin LLP will kick off a round of pay raises in the Windy City, we have some advice for you: Don’t hold your breath. (On the other hand, sometimes law firms boost associate pay to distract from bad publicity. Might Sidley take […]
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Goodwin Procter Gives Up the Goods
The House Judiciary Committee is taking a five-minute recess in the Monica Goodling testimony. We will resume our liveblogging of the hearing in a fresh post. Our two prior reports appear here and here. Meanwhile, we can confirm the rumor from the comments that Goodwin Procter has raised associate base salaries to the $160K scale, […] -
Biglaw, LeBoeuf Lamb, Money, Skaddenfreude
Nationwide Pay Raise Watch: LeBoeuf Lamb Raises in California
The crew over at La Bouche LeBoeuf Lamb, who recently showed some love to law clerks, just raised salaries in their California offices. They’re now on the $160K scale. The raise is retroactive to May 1, 2007. Memo appears after the jump. (If your firm recently raised associate base salaries and/or clerkship bonuses, and hasn’t […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: WilmerHale Raises
We’ve confirmed with sources here in DC that WilmerHale has raised associate base salaries in its Washington office. Associates were notified individually earlier this afternoon. Accordingly, there was no memo. (But if we’re wrong about that, or if a memo later materializes, please send it along.) Because associates received individual notification, we don’t have salary […] -
Admin, Biglaw, Blogging, Money, Skaddenfreude
Skaddenfreude: Weekend Open Thread
If you are still participating in any of the bizarre discussions from Friday morning’s open thread — which covered such diverse topics as open houses in Houston, childhood sleepover experiences, and the hipster quotient of the New Yorker — please don’t let us stop you. You can join in the fun by clicking here. But […] -
Biglaw, Fenwick & West, Money, Skaddenfreude
Nationwide Pay Raise Watch: Go to Fenwick & West, Young Man
If you want to get a raise to the $160K pay scale, but without a corresponding “adjustment” to your bonus. Or if you want to bill only 1800 hours a year, and still make a decent living. From a source at the firm: Fenwick & West raises. Keeps bonus structure the same. I know the […] - Sponsored
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Admin, Biglaw, Money, Skaddenfreude
Skaddenfreude: The Waiting Game (and Morning Open Thread)
Sorry, we have nothing new to report concerning either associate pay raises or clerkship bonuses. The best we can offer is yet another non-announcement announcement (like these two). Today’s email, which actually made the rounds earlier in the week, comes from McDermott Will & Emery: As you are probably aware, over the last two weeks […] -
Biglaw, Money, Partner Profits, Wall Street
More About Cahill's Premature Promotions
Earlier this week, we reported on the unexpected early promotions of four corporate associates at Cahill Gordon. According to various comments, the four soon-to-be partners, whose promotions will take effect in July, are Doug Horowitz, Corey Wright, Bill Miller, and Jonathan Frankel. As some speculated, this quartet was promoted early to prevent them from leaving […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Unhappy, Texas
It has been a while since our last update on associate pay raises. That’s because we have nothing to report. If you hear of anything, please email us. In the meantime, here’s something from a Texas tipster: Thought I would pass along information I’ve compiled over the last few days re: Texas associate salaries. First, […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Afternoon Open Thread
Although there continues to be activity on the associate pay raise front, things seem to have quieted down in terms of clerkship bonuses. The most recent announcement was that of Patterson Belknap — from Monday morning. Are there no new announcements out there? Or are we just not hearing about them? If you have any […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Has Ropes & Gray Matched?
That’s what we’re hearing in the comments. And by email, too: Ropes in Boston has bumped to $160K for 1st years, $170K for 2nd years, $185 for 3rd years, etc. Don’t know more, because they’ve told people not to send out the memo, but I suspect you can find out the rest 🙂 According to […]
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: In a Holding Pattern?
We now bring you… a pair of non-announcement announcements on the associate pay raise front. They’re from Pillsbury Winthrop Shaw Pittman and DLA Piper. As our tipster noted, Pillsbury Winthrop practically “threatens” its associates with a pay raise. Here’s an excerpt from their memo (emphasis added): We want to take the time to thoughtfully consider […] -
Law Professors, Lawyerly Lairs, Money, New York Observer, Real Estate, Willkie Farr
Lawyerly Lairs: Back in the Big Apple
We’ve been so focused on nationwide associate pay raises that we’ve been neglecting New York City — where lawyers have always earned top dollar. And where they enjoy real estate spoils reflecting their high compensation, which we regularly profile for Lawyerly Lairs. One of our favorite sources of real estate porn in the deliciously gossipy […] -
Biglaw, Boutique Law Firms, Gunderson Dettmer, Money, Skaddenfreude
West Coast Pay Raise Watch: Don't Forget Gunderson Dettmer
If you graduated from law school before or during the tech boom of the late 1990’s, you may recall how an elite boutique named Gunderson Dettmer led the charge on associate pay raises. As noted here: In 1999, a Silicon Valley firm named Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, shook the legal community by […] -
Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: Irell & Manella
The website of Irell & Manella touts the firm as “An Elite CA Law Firm.” Immodest? Perhaps. But true, insofar as Irell pays its associates as “an elite CA law firm” should. The Irell & Manella pay raise memo, after the jump. -
Biglaw, Bonuses, Money, Skaddenfreude
Skaddenfreude: Here's the Orrick Memo
Here is a memo that some of you have been waiting for, with an eagerness more typical of teenage boys expecting Spiderman 3. It’s an outline of the associate bonus program for Orrick, Herrington & Sutcliffe, in all of its complex glory. The memo is rather lengthy. We thought about taking screenshots of each page, […] -
Biglaw, Money, Much Shelist, Pranks, Skaddenfreude
Skaddenfreude: The Much Shelist Memo Is A Fake (and Afternoon Open Thread)
Sigh. Guess we got a little lax in our factchecking around here (i.e., not doing it at all, since it had been a while since anyone bothered to put together a fake memo). The purported Much Shelist memo that we posted earlier appears to be a fake. Sorry, Chicago. If anyone has a real memo […] -
Biglaw, Boutique Law Firms, Money, Much Shelist, Skaddenfreude
Chicago Pay Raise Watch: Much Shelist Deserves Much Praise Memo Is A Fake
Here’s a recent message from a Chicago-based reader: I’ve got a suggestion for a post. How about one on the Chicago market? NYC, done. L.A. is pretty much set. DC looks like it’s headed to 160. But what about Chicago? I think a post along the lines of whether Chicago is going to take a […]