Associate Bonus Watch 2010
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Associate Bonus Watch 2010, Bonuses
Associate Bonus Watch: Sidley Austin Matches on Spring Bonuses
Well, Sidley Austin turned that around more quickly than I thought. Last night I pointed out that any further delay from Sidley Austin regarding spring bonuses would just be causing pain and anguish for Sidley associates for no reason. The firm was going to have to match anyway, so why drag it out? Well, today […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money, White & Case
Associate Bonus Watch: White & Case's Mystery Spring Bonuses
Two months ago, when spring bonuses were new and fresh and exciting, we reported on spring bonus deliberations at Cadwalader (which eventually matched the market). At the time, I wrote: “If Cadwalader jumps into the spring bonus pool, we’re going to have to start asking questions about Paul Weiss, Willkie Farr, White & Case (don’t […] - Sponsored
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Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Gibson Dunn Finally Pays Up
On Friday we noted that Gibson Dunn associates can read. Today it looks like management at Gibson Dunn finally acknowledged the writing on the wall. After a year of record-setting profits, Gibson Dunn finally decided to match the spring bonus market. The firm will be paying Cravath-level spring bonuses to eligible associates, on April 29. […]
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Associate Bonus Watch 2010, Biglaw, Bonuses, Mergers and Acquisitions, Money
Associate Bonus Watch: What Did Wachtell Do?
The law firm of Wachtell Lipton is not the nation’s coolest firm, having been knocked out by Davis Polk in Above the Law March Madness. But the bonuses paid out by WLRK in 2010 were still plenty hot — about as sizzling as some DPW associates, one might say. Should they have been even better, […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Ho-Love, Hogan & Hartson, Lovells, Money
Associate Bonus Watch: Ho-Love Gives Bonus Love
Every day that major law firms do not announce spring bonuses makes them look like below-market, “non-peer” institutions. It has become very clear that firms claiming to pay market compensation need to be providing spring bonuses. The latest firm to yield to market realities is Hogan Lovells. The relatively new Ho-Love, formed by the merger […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Spring Bonuses At Gibson Dunn? Are They Happening? Only In New York? Is This Some Kind of Joke?
Well, Gibson Dunn, it’s come to this. You’ve made your associates so desperate and confused that they don’t know where the sun even rises anymore. They want a spring bonus. They’ve read about spring bonuses at Latham and O’Melveny and think that they should be making as much as their colleagues at peer firms. Gibson […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: O'Melveny Announces Spring Bonuses(While the associates are getting restless at Gibson Dunn....)
In its recent obituary for Warren Christopher, former U.S. Secretary of State and former senior partner at O’Melveny & Myers, the New York Times referred to O’Melveny as “the most traditional and prestigious of Los Angeles law firms.” Well, if you want to be one of the “most prestigious” Los Angeles law firms — or […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Proskauer Rose Will Pay Spring Bonuses
On Friday, Ropes & Gray and Latham announced spring bonuses. This morning we heard from Kirkland & Ellis. Firms are finally getting the message: spring bonuses are what big firms are doing this year. So let’s keep the good times rolling. Earlier today, Proskauer Rose announced that it would be joining the spring bonus mania. […] - Sponsored
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Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Kirkland & Ellis Announces Spring Bonuses!
It’s nice when law firms listen. Last week we highlighted a few firms that had been slow to pull the spring bonus trigger. It would seem that these firms have received the message that their own people were paying attention to spring bonuses at peer firms. On Friday, Latham & Watkins announced that it would […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Ropes & Gray Announces Spring Bonuses!
Happy Friday! And happy is right — the spring bonus news continues to roll in. The latest firm to share the wealth with its associates is Ropes & Gray. The spring bonus news is much cheerier than the Ropes news from earlier today (although note the updates appended to that post, highlighting comments skeptical of […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Latham Announces Spring Bonuses!
On Tuesday night, we gently tweaked a number of leading law firms, including Latham & Watkins, about their conspicuous silence on spring bonuses. This morning, in a post about Latham’s new Boston office, we reiterated the spring bonus tweaking. Well, it seems that Latham got the message. The firm just announced spring bonuses, on the […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Cheapness, Money
Spring Bonus Stragglers: Open Thread
I’ve been trying to be nice. I’ve been trying to be positive. I’ve been trying to adopt a new, sunny, smoke-free attitude that assumes certain top firms will do the right thing by their associates and announce spring bonuses along the lines of Cravath, Sullivan & Cromwell, and a bunch of other top-tier firms. Just […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Howrey LLP, Money, Partner Issues, Partner Profits
Associate Bonus Watch: Seyfarth Shaw
This week, Seyfarth Shaw announced the arrival of two construction litigators from Howrey, David Mancini and James Newland Jr. The two partners have been on the Seyfarth website for a while, as we noted last week, but Seyfarth made it official on Monday with a press release. The other big news this week at Seyfarth: […]
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Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Money
Associate Bonus Watch: Winston & Strawn(And an additional issue about base salaries.)
As we’ve explained before, we want to hear about your law firm’s bonus news, even if it’s old. As long as we haven’t written it up yet, please consider it fair game. (Use our site search box in the upper-right-hand corner, or scroll through our Associate Bonus Watch archives, to see which announcements we’ve already […] -
Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Money
Associate Bonus Watch: McDermott Will & Emery's Good News
Earlier this week, associate bonuses were announced at McDermott Will & Emery. We’ve heard about the news from multiple McDermott sources — and, without exception, all expressed happiness with their bonuses. “McDermott essentially matched market for average billers and beat market for above average billers,” said one source. “They also combined year-end and spring bonuses, […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Clifford Chance Matches Cravath Spring Bonuses
Things have been a little quiet lately on the spring bonus front. For a while we were wondering whether this might be it — i.e., that any firm that hasn’t announced by now isn’t planning on announcing anything. Happily, this speculation was wrong. The latest news comes from Clifford Chance, which this morning announced spring […] -
Associate Bonus Watch 2010, Associate Salaries, Banking Law, Biglaw, Bonuses, Boutique Law Firms, BuckleySandler, Clerkships, Midsize Firms / Regional Firms, Money
Clerkship Bonus Watch: BuckleySandler to $60,000!
What’s going on with clerkship bonuses? The last time we really checked was over a year ago. We might do a follow-up; if you have tips — not questions or requests for advice, but hard information about clerkship bonus amounts — please email us (subject line: “Clerkship Bonuses”). In our last look at the subject, […] -
Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Intellectual Property, Money
Associate Bonus (and Salary) Watch: Fish & Richardson
A day without bonus news is a day without sunshine. We wouldn’t let this Monday pass without giving you some new compensation information to wrap your heads around. Today’s bonus news comes from the prominent intellectual-property firm of Fish & Richardson. Fish’s approach to associate compensation is closely watched by other IP shops, so we […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Paul Hastings Consolidates Regular and Spring Bonus News Into One Money Orgy Announcement
Paul Hastings is throwing cash around. At least, that’s the impression it’s trying to give off. Unlike the firms that announced regular bonuses back in December and spring bonuses in the new year, Paul Hastings held off on a December bonus announcement and is only now coming out with its full bonus package. And Paul […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: WilmerHale Jumps Into Merit-Based Spring Bonuses
Here we go. Spring bonuses are making now making their way into firms that are not strict lockstep firms. They’re making their way into firms that are not predominately based in New York City. They’re making their way everywhere. Yay. If you will allow me to channel my inner Oprah: you get a spring bonus, […]