Skaddenfreude
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Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Texas
Our last open thread on year-end bonuses, focused on San Francisco, generated a healthy number of comments. Like this one: Where’s the TEXAS bonus thread? Texas is definitely ahead of SF/SV when it comes to biglaw. With the various carpetbagger firms paying NY bonuses and the Bigtex firms paying anywhere from nothing to 80k, I […] -
Biglaw, Money, Patton Boggs, Pro Bono, Skaddenfreude
Nationwide Pay Raise Watch: Patton Boggs to $160K
We received this information from a tipster last night, and a firm spokesperson confirmed it for us this morning. Here it is: Patton Boggs just raised starting salaries to 160,000 for first years for 1950 billable hours. This is a 50 hour bump and a $15,000 bump. They also introduced a new 1800 billable track […] - Sponsored
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Zach Warren from the Thomson Reuters Institute discusses the potential and the pitfalls. -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: San Francisco
In the comments to yesterday’s open thread on Boston bonuses, which we thought was going to be the final bonus thread, a number of you requested a thread for SAN FRANCISCO. We don’t know if bonus policies and expectations in San Francisco / Silicon Valley will differ that much from those in Los Angeles (previously […]
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Biglaw, Education / Schools, Federal Government, Money, Skaddenfreude
Nationwide Pay Raise Watch: Biglaw Raises, Courtesy of Taxpayers?
We’re sorry to report that we haven’t heard serious and credible raise rumors lately. In fact, we’ve heard more gossip about layoffs in recent weeks than about associate pay increases. The rumors of “NYC to 190”, which used to flood our email inbox, have gone the way of Testa Hurwitz. But here is some reason […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Boston
Our recent open threads, dedicated to discussion of year-end bonuses in different legal markets, haven’t been generating THAT many comments (at least compared to prior open threads). Maybe it’s too early for bonus discussion. Or maybe people just aren’t expecting much this year, given the recent base salary increases. So this may end up being […] -
Associate Salaries, Biglaw, Boutique Law Firms, Duval & Stachenfeld, Job Searches, Law Schools, Money, Skaddenfreude, Small Law Firms
Attention Tier Two Grads: Duval & Stachenfeld Wants You
Never heard of Duval & Stachenfeld? Well, that’s about to change, thanks to the firm’s innovative approach to associate compensation, which is getting some media mentions. From an article by Kellie Schmitt in The Recorder: The 50-lawyer firm, based in New York but with a small L.A. office, starts first-year associates at $60,000 — or […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Washington, DC
We have to step away for a bit. We’ll leave you with another open thread to discuss year-end bonuses. Today we focus on our base of operations: WASHINGTON, DC. If your firm has a stated bonus policy, what are the basic terms? If not, what are you expecting by way of a bonus this year? […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Chicago (and a Reminder About L.A.)
So you can’t get a decent horse meat sandwich in the Windy City. How about a decent year-end bonus? In the comments, please discuss the subject of year-end bonuses for law firm associates in CHICAGO. Topics might include hours cutoffs for hours-based policies, historical patterns in bonus size (e.g. what happened last year), and gossip […] - Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms. -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: Los Angeles
As we announced earlier today, we’re doing a series of open threads on year-end bonuses. We’re organizing them by city, since bonuses tend to vary by legal market. This post — which some of you have been eagerly anticipating, judging from the attempts to hijack the New York thread — is about LOS ANGELES. Please […] -
Biglaw, Bonuses, Money, Skaddenfreude
Year-End Bonus Watch: New York
As you’ve made clear to us, through comments and via email, you’re dying to talk about year-end bonuses. For example: — If your firm has a bonus policy that’s spelled out in advance, what are the general terms? — If it’s a bonus based on billable hours, what are the cutoffs? — If your firm […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: ALJ Clerks and Staff Attorneys
After we did a post about foreign clerkships, we received a number of follow-up inquiries. Readers wanted to know whether any firms pay clerkship bonuses to (1) staff attorneys and (2) administrative law judge clerks: “I was wondering if there are bonuses offered for ALJ clerkships – you can clerk in D.C. for, among others, […] -
Biglaw, Bonuses, Money, Skaddenfreude
Breaking: Sullivan & Cromwell to Pay Special Bonuses to Senior Associates!
Sullivan & Cromwell gives out Kiehl’s toiletries at conferences for gay law students and lawyers. But senior associates at S&C get an even better gift: cold, hard cash. In a memo that was sent out by email within the last half hour, S&C Chairman H. Rodgin Cohen announced the creation of the “Senior Associate Supplemental […] -
Biglaw, Bonuses, Money, Skaddenfreude
Clerkship Bonus Watch: Winston & Strawn
We heard about this first from a tipster with an offer. But it’s confirmed by the firm website of Winston & Strawn: Winston & Strawn associates who join the firm from judicial clerkships receive a clerkship bonus. Currently, the bonus paid to U.S. Court of Appeals and District Court clerks is $50,000. U.S. Supreme Court […]
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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…
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The Business Case For AI At Your Law Firm
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Generative AI In Legal Work — What’s Fact And What’s Fiction?
Zach Warren from the Thomson Reuters Institute discusses the potential and the pitfalls.
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Alston & Bird, Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: An Atlanta Round-Up
We broke the news of the Kilpatrick Stockton pay raise earlier this month. Today’s Fulton County Daily Report has an article about it here. The Kilpatrick move is old news — it was actually announced before Labor Day — but Meredith Hobbs’s piece does contain a helpful summary of where the big Atlanta firms stand: […] -
Clerkships, Federal Government, Federal Judges, Money, Skaddenfreude
Law Clerk Salaries and Benefits: What's Going On?
Since we’re smack dab in the middle of clerkship application season, let’s turn the spotlight to clerkly compensation and benefits. We hear that some changes may be in the works. From a tipster: [H]ave you heard anything about progress on a proposal to end/limit/change the salary “matching” program for federal clerks with private sector experience? […] -
Biglaw, Bonuses, Money, Skaddenfreude, Summer Associates
Fall Recruiting Open Thread: Summer Associate Bonuses
Yesterday we posted an open thread on law firms that screw over no-offer lots of their summer associates. This post is about the flip-side: firms that dole out summer associate bonuses. This topic has been raised by two tipsters, in two different contexts. First, this tipster reports on two firms that pay bonuses to summer […] -
Antitrust, Bad Ideas, Biglaw, Cheapness, Dubious Conferences, Money, Skaddenfreude
A Primer for Partners: How To Screw Associates Out of Pay Raises
Greedy law firm associates view ATL as a helpful resource. But what about Biglaw partners? They’re greedy too, y’know. Well, here’s something for all you partners out there. A tipster alerted us to this audio conference, taking place later this month: *************************************************IOMA AUDIO CONFERENCES! ASSOCIATE COMPENSATION: STRATEGIES TO ATTACK PAY PLANS THAT DRAIN PARTNER PROFITS […] -
Biglaw, Locke Liddell & Sapp, Money, Skaddenfreude
Nationwide Pay Raise Watch: More on Locke Liddell
Pretty much every time there’s a mainstream or legal media article about associate pay raises, we’ll link to it. So of course we’re linking to this article, from the Texas Lawyer, which reports as follows: All levels of associates at Houston- and Dallas-based Locke Liddell & Sapp may start their holiday shopping early since receiving […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Dechert Joins the $50K Club
From a little bird, er, law clerk: A friend going to Dechert in Philly informed me that this year’s incoming class is receiving a $50k clerkship bonus. Hearsay? Sure. But we then checked the Dechert website, which provides official confirmation: Judicial Clerkship Bonus Effective September 2007, we will pay a $50,000 clerkship bonus to incoming […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: More News from Atlanta
The devoted readership of ATL down in ATL will appreciate this update. From an article by Meredith Hobbs in yesterday’s Fulton County Daily Report: More law firms have capitulated in Atlanta’s second round of pay raises this year. Jones Day will raise starting pay to $150,000, and Sutherland Asbill & Brennan and Paul, Hastings, Janofsky […]