In our coverage last month of top law firm partners to work for, Wilson Sonsini did well. See here and here. (Speaking of Wilson Sonsini partners, the firm recently announced nine new ones — including Rick Frenkel, of “Troll Tracker” fame. Congratulations!) Not only does WSGR have some great partners to work for, but they […]
This week brought annual reviews and individual bonus news for associates at Morgan Lewis & Bockius. Today (Friday) is payday, so everyone at MLB should know their bonus by now (or fairly soon). Back in November, firm chairman Francis M. Milone stated that 2010 bonuses would be “substantially larger” than last year. So that set […]
Explore the mindset, cultural shifts, and training strategies that define the AI‑savvy lawyer, revealing why human judgment, standardized competence, and integrated learning—not technology alone—will shape the future of the profession.
Springtime for Hitler? No, silly — Springtime for Associate Bonuses! And just like the (in)famous “show within a show” from The Producers, this production is a huge hit. This afternoon, Cleary Gottlieb announced spring bonuses on the Sullivan & Cromwell scale. They’re payable on April 29, just like those of Simpson Thacher. What else is […]
Wow, it’s starting to feel like 2008 (pre-Lehman) up in here! Earlier today, the Dow Jones broke the 12,000 mark. And now law firms — law firms that could treat their associates like dirt and still have have no problems with retention, according to some people — are once again competing with each other in […]
This evening, many of us — and six Supreme Court justices, according to an announcement this morning from the Court — will listen to the State of the Union address. Don’t be shocked if President Obama tells us that the state of the union is “strong.” When was the last time a president appeared before […]
Friday afternoons are for bad news. When you have some news that you want to disappear into the ether, you announce it on Friday afternoon. It’s a favorite time for disgraced D.C. figures to resign from office in order to “spend more time with their families.” So why did Sullivan & Cromwell, one of the […]
Legal work isn’t slowing down, and the firms that win won’t be the ones working harder — they’ll be the ones working smarter.
Last month, when the world was bemoaning the Biglaw associate bonus market after Sullivan & Cromwell’s bonuses more or less fell in line with Cravath’s bonuses, I wrote as follows: “I’m keeping my eye out for Latham. It fits with their model. In bad times, suffering to all. In good times, models and bottles…. Latham […]
Last month, the Boston Globe reported on an arbitrator’s finding that Goodwin Procter overcharged a real estate client by more than $540,000. (We mentioned the Globe story here and here.) Alas, some claim that Goodwin isn’t letting that extra gravy trickle down to its associates….
(Yes, this is late, but better late than never. If you have bonus news or a bonus memo that we have not yet written up — run a site search or scroll through our archives to check what we’ve already covered — please email us. Thanks.) Last month, Gibson Dunn & Crutcher announced associate bonuses. […]
In a previous post, we revealed that 73% of respondents to our survey met their minimum billable requirements last year. Today, we find out whether associates were satisfied with receiving 2009-level bonuses for a busier 2010. Let’s see what the survey says….
LexisNexis sat down with John Ursin, Managing Partner at Schenck Price, to learn how the firm is using legal AI to strengthen client service and daily legal work.
Associates bitch when partners won’t share the wealth, but nobody says a peep when legal support staff get shafted. The very concept of staff bonuses has gotten lost in the recession shuffle, despite the fact that the support staff who remain are being stretched so thin. Well, it looks like Vinson & Elkins remembers that […]
We’ve devoted extensive coverage to associate bonuses. But what about bonuses for those lawyers who are neither associates nor partners (nor staff attoneys), referred to by most large law firms as “counsel”? How much are they getting in bonuses this time around? Many Biglaw bonus memos contain language stating that counsel bonuses are determined separately […]
We want to hear about your firm’s bonus news, even if it’s old. If we haven’t reported on it yet, we want to know about it. (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 covered.) Here’s some old bonus news […]
Even though the holidays may be behind us, bonus news is not. Much of the big bonus news tends to come down in November and December, but announcements (and payments) continue into January, February, and beyond. So stay tuned for the latest updates. Yesterday we posted an open thread for discussion of firms that have […]
Over the holiday break, Irell & Manella announced its associate bonuses. Multiple sources are telling us that the Irell bonuses doubled the bonuses offered by Cravath, Sullivan & Cromwell, or their followers. That’s great news, but Irell associates are not particularly impressed. Irell doubled the small bonuses of Cravath and S&C last year, too. And […]