Skaddenfreude
-
Associate Bonus Watch 2007, Biglaw, Billable Hours, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Mayer Brown Announces(And penalizes associates for delinquent time entry.)
The powers-that-be at Mayer Brown have made their decisions on bonus and salary adjustments, as announced in an email last night. And it appears that they’ve taken a page from the Dechert playbook, according to one associate: “The second paragraph [of the memo] is a shock. We were never informed of financial ramifications for failing […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: A Little More on Seyfarth Shaw
A quick update on yesterday’s post about Seyfarth Shaw. A source there tells us: Here are the “official” numbers for Seyfarth NYC and “Others,” excluding Atlanta (no idea where they are — presumably lower). Great for the mid/upper classes, but no so great for 1st-2nd years. Some grumbling also from income partners since they don’t […] - 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
Nationwide Pay Raise Watch: The Latest on Seyfarth Shaw
We’ve confirmed the news, which surfaced previously in the comments, about the pay raise announcement by Seyfarth Shaw. Here’s what one source told us: The Chicago office had an all-associate meeting [yesterday]. First- and second-year associates will stay lockstep — $145K for first years, $155K for second years — while third- through eighth-years will get […]
-
Biglaw, Bonuses, Money, Skaddenfreude
Some Follow-Up on Jones Day's Confidential Compensation Model
Last week we put up a post about associate compensation issues at Jones Day. It generated a torrent of comments. As always, some were negative, some positive. A few readers were upset by the negative comments and came to their firm’s defense. Here’s what one wrote: I am a third year lawyer at Jones Day. […] -
Biglaw, Bonuses, Heller Ehrman, Money, Skaddenfreude
Associate Bonus Watch: Heller Ehrman
Our latest associate bonus news comes from Heller Ehrman. On Monday, we were alerted to their bonus meeting: Heller has an all-associate video conference tomorrow (Tuesday, 9 a.m. PST) where, among other things, associate compensation will be discussed. Bonus checks are due on Friday, and no one knows what they’ll get in advance. (You have […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Gibson Dunn
We have confirmed, with a reliable source at the firm, the rumor that Gibson, Dunn & Crutcher now pays a $50,000 clerkship bonus, as of January 1 of this year. We don’t know the firm’s policy for multiple clerkships of years of clerking; if you happen to know, email us, and we’ll update this post […] -
Biglaw, Law Firm Mergers, Locke Liddell & Sapp, Lord, Bissell & Brook, Money, Skaddenfreude
Nationwide Pay Raise Watch: Locke Lord Bissell & Liddell
Here’s some recent associate pay raise news from Locke Lord Bissell & Liddell (the entity formed by the merger last year of Texas-based Locke Liddell & Sapp and Chicago-based Lord Bissell & Brook): Attached is a memo from, purportedly, the Locke Lord Bissell & Liddell (the new combined firm) management regarding associate salary increases. Despite […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Winston & Strawn (DC)(And a request for info about that Monday morning meeting)
We previously reported on bonuses in the New York office of Winston & Strawn. Now it’s Washington’s turn: Winston & Strawn’s DC associates recently received their bonuses. Associates received individualized bonus memos, so there is nothing that can be posted (this has been firm policy for years). Bonuses were up significantly over previous years, and […] - 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. -
Associate Bonus Watch 2007, Biglaw, Billable Hours, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Dechert Docks Associates for Dilatory Billables
How can law firm administrators get associates to enter their time on time? Here’s one idea: link time entry to those beloved bonuses. From a source at Dechert: Attached is an email that all the attorneys at Dechert LLP received today regarding associate bonuses and potential penalties. According to the policy outlined below, an associate’s […] -
Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Jones Day?
A number of you have requested, in comments and via email, a post to talk about compensation issues at Jones Day. So here you go. We’ll kick off the discussion with this message we received: I have recently noticed a number of postings relating to Jones Day D.C.’s lack of a bonus and non-competitive / […] -
Biglaw, Dewey & LeBoeuf, Job Searches, Layoffs, Money, Robert Link, Skaddenfreude
Diamonds in the Rough: Open Thread on Offices in Secondary Markets That Pay the Full $160K Scale(And a digression on Cadwalader in Charlotte)
Here’s an open thread request we’ve received from multiple sources. A representative message: I’m trying to gather more info about firms / offices that pay NYC salary + NYC bonus in secondary markets. For example, I believe that Weil and Skadden both do in Dallas and Houston, but none of the other firms in Texas […] -
Dewey & LeBoeuf, Job Survey, Skaddenfreude
Featured Survey Results: Did You Work on MLK?
In last month’s ATL / Lateral Link survey we asked you which holidays you worked on, or expected to work on, during 2007. About half of you reported that you had worked on Martin Luther King Jr. Day. Last week, we asked you how you fared this year. Did you take the day off to […] -
Biglaw, Hillary Clinton, Money, Politics, Skaddenfreude
Skaddenfreude: Hillary to 190K?
An article for the McClatchy newspapers, evaluating the truth of Senator Hillary Clinton’s claim of “35 years of change,” has some interesting background about her legal career at the Rose Law Firm in Arkansas. It does suggest, for those of you interested in political careers, that you might not want to cool your heels too […]
Sponsored
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…
Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
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.
Sponsored
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…
Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms.
-
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Screw-Ups, Skaddenfreude
Associate Bonus Watch: Getting to the Bottom of the Cadwalader Mystery
We’ve spent a ridiculous amount of time and energy trying to get to the bottom of the bonus situation at Cadwalader, Wickersham & Taft. We’ve heard all sorts of conflicting rumors, but we think we’ve finally figured things out — to the extent that they can be figured out. This post supersedes all prior coverage […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: DLA Piper
Today brings us bonus and salary news from DLA Piper, the biggest of all Biglaws. Back in November, the firm was crowned by the National Law Journal as the nation’s largest law firm (with a whopping 3,623 attorneys). DLA Piper may be the biggest — but not when it comes to bonuses. From a disgruntled […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude, Sports, Weirdness
Associate Bonus Watch: Kaye Scholer Bonus Follow-Up(And Other Random Tidbits About the Firm)
A little follow-up on Kaye Scholer, whose bonus memo we posted back in November. From a source at the firm: Just found out that despite the memo sent to associates last year, Kaye Scholer has decided to tie the special bonus to hours. Requiring 2200 hours to receive the special bonus. There was no mention […] -
Akin Gump, Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Wilson Sonsini, Akin Gump (DC), Quinn Emanuel
Here are a few quick updates on the associate bonus front: 1. Wilson Sonsini: On Monday night, the firm issued a long and complicated memo, which we’ve posted in all its glory after the jump. Since we haven’t taken math since high school calculus, it went a bit over our head. General reaction to the […] -
Biglaw, Money, Partner Profits, Skaddenfreude
Stop Yer Whining, Senior Associates. You Could Be Making More Than the Partners!
No, seriously. Despite the perception of Biglaw partners as fat cats, some of them, at least in their early years, take home less than the senior associates who toil under them. From an article in the Legal Times by Nathan Carlile (whose work we’ve always admired, even before he wrote this nice profile of us): […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Morrison & Foerster (non-New York)
Before the New Year, associates in the New York office of Morrison & Foerster received their bonus news. Now it’s time for their colleagues outside of NYC to collect their cash. In addition to the firm’s “standard productivity bonuses under the published 2007 compensation program,” MoFo is paying out (1) “a one-time bonus” (it sounds […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Some Updates
We don’t really have any major bonus news to pass along. Here are a few items following up on previously reported developments: 1. Latham & Watkins: On Friday we reported on the LW bonuses, which were well-received by associates. We now have more detailed information, which appears after the jump. 2. McDermott Will & Emery: […]