Skaddenfreude
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Biglaw, Bonuses, Job Survey, Money, Skaddenfreude
Featured Job Survey Results: Bonuses (San Francisco / Silicon Valley)
We’ve received over 1,300 responses thus far to our ATL / Lateral Link survey on bonuses (accessible here). Before the holiday break, we shared with you the results for New York, Washington, Chicago, and Los Angeles. Today’s new results are from San Francisco & Silicon Valley. Surprisingly, base salaries from those of you who responded […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: A Post-Holiday Round-Up
Since our last compilation of bonus news, which was issued before the holiday, we’ve received some new announcements. Some of them have been mentioned already in the comments, but have not yet appeared on the main page. But we have verified them, and they are legit. So, for the record, here they are: 1. Dechert […] - Sponsored
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Akin Gump, Associate Bonus Watch 2007, Biglaw, Bonuses, Hogan & Hartson, Money, Sheppard Mullin, Skaddenfreude
Associate Bonus Watch: A Pre-Holiday Round-Up
Let’s send you into the holiday weekend with some associate bonus news. Here are some law firm bonus announcements that haven’t been previously covered in these pages. (Firms that previously announced their bonuses, but are being sneaky about the exact amounts and/or the percentage of associates getting them, will be addressed separately. This post is […]
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Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: O'Melveny & Myers Defends Its 'Below-Market' Bonuses
As you may recall, the reaction of ATL readers to the bonus announcement of O’Melveny & Myers was decidedly unfavorable. Now the Daily Journal (subscription) — in an article entitled “O’Melveny & Myers’ Below-Market Bonus Disappoints Associates,” by Maya Meinert and Rebecca Cho — has taken notice: This week’s bonus announcement from Los Angeles-based firm […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Kirkland & Ellis's Generous Bonuses
Information is now trickling in about bonuses at Kirkland & Ellis. Last week we had heard — through the grapevine, from a social acquaintance of a K&E share partner — that they would be good. It appears that the scuttlebutt was correct. A K&E source in Chicago, class of 2006, reports hours of 2050 and […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: O'Melveny & Myers (CA and DC)
O’Melveny & Myers just announced associate bonuses for its offices in California and Washington, DC. One of the tipsters who sent us the memo is not pleased: Attached is the memo that O’Melveny & Myers associates just received. The figures for the “class bonus” appear to be far below the standard bonus at other comparable […] -
Biglaw, Bonuses, Job Survey, Money, Skaddenfreude
Featured Job Survey Results: Bonuses
So far, we’ve received about 1,000 responses to yesterday’s ATL / Lateral Link survey on bonuses. So far, we’ve discovered that around 40% of associates receiving bonuses think their bonus is too low, which is just slightly higher than the percentage of associates who think their hourly rates are too high. Coincidence? Since over a […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Open Thread for Firms That Have Nixed Special Bonuses
We’ve heard complaints from numerous associates claiming that their law firms are using vague bonus policies to lowball them on bonuses. While we understand why these associates are upset, we can’t say we’re surprised. The whole point of a bonus policy that contains an element of discretion is the ability to pay some associates less […] - Sponsored
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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… -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: A Pre-Announcement from Kirkland & Ellis
For associates in the New York office of Kirkland & Ellis, this Wednesday is when they’ll learn their financial fate: From: Jonathan PutnamTo: New York AssociatesCc: John Desmarais, John Kuehn, Michael Movsovich, Maria DavalosSent: December 17, 2007Subject: Associate Bonus Meeting As in past years, John Desmarais will give a short presentation this week to explain […] -
Biglaw, Money, Skaddenfreude, Williams & Connolly
Nationwide Pay Raise Watch: Williams & Connolly to $180K
The litigation powerhouse of Williams & Connolly has announced associate pay raises, effective January 1, 2008. We have confirmed the fact of the raise with sources at the firm. There was no comprehensive memo, so we’re not 100 percent certain of the specific numbers. But word on the street is that the new pay scale […] -
Biglaw, Bonuses, Job Survey, Money, Skaddenfreude
Featured Job Survey: Bonuses
Last week, our Associate Bonus Watch kicked back into high gear, with news (or teasers) from Ropes & Gray, Sidley Austin, Chadbourne & Pourke, Arnold & Porter, Wachtell, Fried Frank, and O’Melveny & Myers, as well as pay raise news from Boies Schiller. Today’s ATL / Lateral Link Featured Job Survey keeps that thread alive. […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Sidley Austin (Non-New York)
For non-New York associates of Sidley Austin, Monday is the big day. The firm just sent out a memo informing them that bonuses will be distributed at that time. As you may recall, the firm previously announced special bonuses, but only for its New York office — news that was not well-received outside of NYC. […] -
Associate Bonus Watch 2007, Bonuses, Midsize Firms / Regional Firms, Money, Skaddenfreude
Associate Bonus Watch: Midsize / Regional Firms
Our recent open thread about boutique law firms prompted another request for more beyond-Biglaw discussion: Not really a tip, but how ’bout a thread on midsize firms — not quite big law, which has been going on for a while, and not quite boutique, which you just recently posted. I’m talking 75-200 attorney type firms […]
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Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Wachtell Weighs In(100 Percent Bonuses, Again? Where's the Suspense in That?)
We have confirmed the rumor that has surfaced here and there in the comments: Wachtell, Lipton, Rosen & Katz once again paid year-end bonuses to its associates that were 100 percent of their base salaries (which are already above-market; starting salary at WLRK is $165,000). This is consistent with past practice; Wachtell has paid 100 […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Chadbourne & Parke, Money, Skaddenfreude
Associate Bonus Watch: Chadbourne & Parke
Yesterday at around 5:30 p.m., just as the New York office was getting ready to head off to the firm holiday party, Chadbourne & Parke issued its bonus memorandum. The upshot is that Chadbourne is paying year-end and special bonuses to “eligible” associates in New York, Los Angeles, Washington, and Houston (yes, Houston — wow). […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: So What's Up with O'Melveny & Myers?
Maybe you can tell us. We heard that the associates’ meeting for O’Melveny & Myers’s New York office was muddled, with no clear answer or bright-line rules about the firm’s bonus policy. What we have gathered, however, is that the firm did not do a “true match” of year-end and special bonuses. Associates will be […] -
Arnold & Porter, Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Arnold & Porter (New York)
Just in time for its holiday party, which is taking place tonight, the New York office of Arnold & Porter has announced bonuses. It appears to be following the example of other non-New York firms — e.g., Covington & Burling, WilmerHale, and Sidley Austin — and paying its New York associates better than their non-NYC […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Contract Attorneys, Money, Paralegals, Skaddenfreude
Associate Staff Attorney Bonus Watch: Open Thread
In the absence of more associate bonus news — we’ve heard rumors of various committees at various firms meeting, but we have no new announcements — let’s move on to a related subject. What about bonuses for staff attorneys, the non-partnership-track lawyers employed by many large law firms? Here’s what one of them had to […] -
Biglaw, Bonuses, Money, Skaddenfreude, Thacher Proffitt & Wood
Nationwide Pay Raise Watch: Thacher Proffitt???
In the world of Biglaw, bad news and good news go hand in hand these days. Recall that Clifford Chance announced associate layoffs and generous bonuses in the same week. And now Thacher Proffitt & Wood, on the heels of yesterday’s news about likely future layoffs, is raising base salaries for its senior associates. We […] -
Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Hughes Hubbard and Reed
To respond to yesterday’s question: No, it’s not all over. There’s still some gas left in the associate bonus watch tank. Last night brought an a bonus announcement from Hughes Hubbard and Reed. It’s a somewhat complicated bonus system, based on a system of “tiers.” A tipster identifies these highlights: Tier 1 = 1950 hoursTier […]