Money
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Biglaw, Bonuses, Clerkships, Money
Clerkship Bonus Watch: The Patterson Belknap Tolls for Thee, Law Clerks
The latest firm to raise its clerkship bonuses: Patterson Belknap Webb & Tyler. From a current clerk: I have an offer from Patterson Belknap and I just received an email informing me that their bonus is 50K. Keep up the good work. To people with two clerkships or two years of clerking experience: no, we […] -
Admin, Advertising, Announcements, Biglaw, Blogging, Money, Shameless Plugs
Skaddenfreude: Weekend Open Thread, and Shameless Plugs
Please treat this post as a weekend open thread for discussion of associate pay raises, clerkship bonuses, or anything else that strikes your fancy. There are a million things we want (and need) to write about. But we have a fairly full weekend planned, in terms of non-ATL-related activities. So you might not hear from […] - Sponsored
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Biglaw, Bonuses, Heller Ehrman, Money, Skaddenfreude
West Coast Pay Raise Watch: The Heller Ehrman 'Raise,' and a Request for Bonus Information
Fear not, ATL readers. We’re already on the case. We are collecting information about the bonus structures of different law firms, with a focus on West Coast or California law firms. To make this effort a success, we need your help. Please send tips and memos to us by email (subject line: “Bonus Structure”). (We […]
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Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: Cooley Is Confirmed
We have confirmed the rumor from the comments that Cooley Godward Kronish raised associate salaries yesterday. Actually, here’s a better way of saying it: Cooley has matched the market. Because, let’s face it, the $160K scale is the new going rate in California. (And it effectively is in Washington, DC, where Hogan & Hartson, Akin […] -
Akin Gump, Biglaw, Money, Skaddenfreude
Secretaries Who Moonlight as Escorts -- Plus $160K Starting Salaries
What more could you ask for in a law firm? As reported by several commenters, and confirmed by the Legal Times, Akin Gump has raised starting salaries in its Washington and California offices to $160,000 (with corresponding increases up the seniority ladder). Cynics might wonder: Is this an attempt to distract attention from the scandal […] -
Biglaw, Bonuses, Money, Skaddenfreude, White & Case
Clerkship Bonus Watch: White & Case Joins the $50K Club
Today seems to be White & Case day here at ATL. This morning we wrote about Emily Pataki, a supervised legal intern an associate at White & Case, acing the New York bar exam. And now we have some W&C news on the clerkship bonus front. In an earlier comment thread, there was debate over […] -
Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: Winston & Strawn Raises in Cali
We have confirmed the rumor that Winston & Strawn has raised associate base salaries in its California offices. A tipster forwarded us the memo, with this comment: Got this from a friend of mine. I used to work there though no longer do. As he said, “I”m shocked — this goes against every other encounter […] -
Aaron Charney, Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Sullivan & Cromwell Joins the $70K Club
Some of you have asked us for a new thread to discuss clerkship bonuses. Your wish is granted.* We’ll kick off this clerkship bonus discussion with some good news. It concerns Sullivan & Cromwell, which first got the ball rolling on clerkship bonuses, by raising to $50K in the wake of the Brokeback Lawfirm scandal. […] - Sponsored
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Boutique Law Firms, Money, Skaddenfreude, Susman Godfrey
Susman & Godfrey Wins Prize for Most Self-Aggrandizing Pay Raise Announcement
The litigation boutique of Susman Godfrey is prestigious. And it is well-paying, especially around bonus time. It’s also not shy about honking its own horn (which shouldn’t be surprising, given its Texas roots). In fact, Susman Godfrey just issued a press release about its pay raises that might make Gallion & Spielvogel blush. Here are […] -
Biglaw, Money, Skaddenfreude, Summer Associates
Skaddenfreude: And What About the Summers?
In some of the comment threads to our pay raise coverage, questions have been raised with respect to summer associates. For the firms that have recently raised associate salaries, people are wondering: Will summer associates be in on the fun? Our take: Of course they will. Summer associates are traditionally paid at the rate of […] -
Biglaw, Hogan & Hartson, Money, Skaddenfreude
West Coast Washington D.C. Pay Raise Watch: Hogan & Hartson Goes to $160K
There is no longer any doubt: the nation’s capital is on the so-called “$160K scale.” Say good-bye (or good riddance) to the salary differential between (1) Washington-based firms, and (2) the D.C. offices of New York or California firms. Why? The homegrown firm of Hogan & Hartson just raised associate base salaries, matching the $160K […] -
Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: Gibson Dunn & Crutcher
Yes, we have seen the comments stating that Gibson Dunn & Crutcher has raised associate base salaries for its non-New York offices. We have no reason to doubt this tip, or to question the authenticity of this memo. But we still want to dot our i’s and cross our t’s. We’re in the process of […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Skaddenfreude: Paul Hastings; Late Afternoon Open Thread
We have to step away from our computer for a bit. So here’s an open thread for discussion of either (1) more West Coast pay raises or (2) more increases in clerkship bonuses. Also, the rumor from the comments that Paul Hastings has raised is confirmed. The verified memo appears after the jump.
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Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: Latham Succumbs to 'Hysteria'
The word on the street was that Latham & Watkins was planning to match the recent West Coast pay raise, but would take its sweet time to announce it. Well, it appears that Latham has been shamed into giving into the “hysteria” surrounding associate comp. Earlier this afternoon, various commenters reported that the firm has […] -
Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: Here's the MoFo Memo
As we reported on Friday, Morrison & Foerster recently announced a firm-wide increase in associate base salaries. But the MoFo raise came with a catch: a modification to the firm’s bonus structure (for associates outside New York). Here’s the relevant language from the MoFo memo, which we recently got our grubby little hands on: This […] -
Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: Gibson Dunn Is Meeting
Will Gibson, Dunn & Crutcher be the next West Coast law firm to announce a pay raise for its non-New York offices? Perhaps. Yesterday we received this message from a tipster: Word on the street is that GDC is having an office-wide meeting tomorrow at 4. No word either way as to what they’re going […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Debevoise Joins the $50K Club
If you’re a current clerk with an offer from Debevoise & Plimpton, good news. The firm has bumped up its clerkship bonus to $50,000 — which is fast becoming the new Biglaw standard. There’s a small catch that may affect a few of you. Unlike some other firms, like Weil Gotshal and Cravath, the Debevoise […] -
Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: Latham Is Taking Its Time, Thank You Very Much
Nope, we haven’t heard about any more West Coast firms announcing associate pay raises. We have nothing to add to the recent announcements by Orrick, O’Melveny, and MoFo. If you’re expecting Latham & Watkins to act soon, you will probably be disappointed. They weren’t too quick on the draw the last time around. And rumor […] -
Biglaw, Money, Partner Profits, Skaddenfreude
Skaddenfreude: So How Much Do Partners Actually Take Home?
We’re all very familiar with the average profits-per-partner figures that are published as part of the AmLaw 100 law firm rankings. But since they’re just averages, they do raise some obvious questions: — What’s the average take-home pay for a typical Biglaw partner? — How much do newly minted, junior partners earn, compared to the […] -
Biglaw, Money, Skaddenfreude
West Coast Pay Raise Watch: MoFo Sees Orrick's San Francisco, and Raises It a Sacramento
As noted by several commenters, and as this article in Monday’s Recorder will report, Morrison & Foerster has announced a firm-wide increase in associate base salaries. This follows on the heels of pay raise news from two other California-based (or California-originating) firms, Orrick, Herrington & Sutcliffe and O’Melveny & Myers. Here’s the new MoFo pay […]