Associate Bonus Watch 2010
-
Associate Bonus Watch 2010, David Boies
Associate Bonus Watch: Boies Schiller Sets the Bonus Bar
Earlier this month, we heard that Boies, Schiller & Flexner, the legendary litigation firm founded by the celebrated David Boies, wasn’t holding its lavish annual firm retreat in Jamaica (to which spouses and families have been invited in the past, all on the firm’s dime). This made us wonder: Despite its extensive involvement in headline-making […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Gay, Gay Marriage, Money, Perks / Fringe Benefits, Tax Law
Associate Bonus Watch: Linklaters Matches Cravath(But at least it has the gay gross-up.)
Here’s some very belated bonus news. Earlier this month, the New York office of Linklaters announced bonuses that matched the Cravath scale. As usual at Linklaters, there was no hours requirement. The news was communicated via individual memo. A Cravath match, especially in a bonus season when some firms are paying significantly more, kinda sucks […] - Sponsored
How To Maximize Productivity With Westlaw Precision With CoCounsel
Westlaw Precision with CoCounsel helps legal professionals get a faster start to their research. Over time, that added productivity can lead to higher-quality research and… -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: That's All Folks, Sullivan & Cromwell (Basically) Matches Cravath
This is just coming into the ATL inbox, but it appears that Sullivan & Cromwell has announced bonuses that will essentially match the Cravath bonus scale. “Essentially,” because there are a few interesting caveats: people in the class of 2003 will get $37,500 — i.e., $2,500 more than the Cravath class of 2003 — and […]
-
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Simpson Thacher Matches Cravath
And another one bites the dust. Simpson Thacher just announced associate bonuses, and they’re using the Cravath scale. Here is one source’s concise communication: “Simpson Thacher bonus memo just released — matching Cravath. A**holes.” Says a second: “I feel like I got punched in the gut.” From a third: “People here are livid. Can’t believe […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Cleary Matches Cravath
Are we really going to live in a world where the firms that consistently rank highest on the Vault surveys are paying a smaller bonus than the firms just one tier down? Are we really going to live in a world where partnerships at Cravath, Skadden, and Davis Polk are paying smaller bonuses to many […] -
Associate Bonus Watch 2010
Associate Bonus Watch: Kirkland & Ellis Open Thread (of Awesomeness)
Partners are calling Kirkland & Ellis associates right now and letting them know about their 2010 bonuses. The early reports we are getting are positive — very positive. Thus far, the people we’ve heard from are getting more, often substantially more, than their class-year counterparts at Cravath. Exactly how much more? That really depends. Kirkland […] -
Associate Bonus Watch 2010
Associate Bonus Watch: Mayer Brown (NY) Matches
In addition to the bonus announcement of Quinn Emanuel, late last week brought bonus news from the New York office of Mayer Brown. But the MB announcement was considerably less interesting. It was essentially a match of the Cravath bonus scheme, but with a slight twist…. -
Associate Bonus Watch 2010, Biglaw, Bonuses, john quinn, Money, Partner Issues
Associate Bonus Watch: Quinn Emanuel Pays 150 Percent of Cravath Scale -- With Some Catches
CHECK YOU EMAIL — for some happy bonus news. On Friday, litigation powerhouse Quinn Emanuel announced its 2010 bonus schedule. And it was good. It’s a little more complex than the standard bonus scale at a lockstep firm. As in years past, Quinn Emanuel bonuses reflect a combination of seniority and hours worked. But one […] - Sponsored
New Report - Are Small Firms Achieving Their Legal Tech Goals?
In this new report of more than 100 professionals at small and smaller midsize law firms, iManage and Above the Law shed new light on… -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Tempering the Excitement on the Sidley Bonuses
There’s no denying all the good news over at Sidley Austin. The firm just named 28 new partners, up from 15 last year. It recently snagged three leading litigators from Howrey: Gary Bendinger, who served as co-chair of litigation at Howrey, and two of his partners, Gregory Ballard and Kevin Burke. And as we reported […] -
Associate Bonus Watch 2010
Associate Bonus Watch: Debevoise Matches Cravath
This shouldn’t come as a shock, but Debevoise & Plimpton just announced its 2010 associate bonuses, and it is matching Cravath. With so many top firms already matching Cravath — including several in the Vault’s top ten for prestige, such as Skadden, Davis Polk, and Weil Gotshal — is it less likely that Sullivan & […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Gay, Money
Associate Bonus Watch: Kaye Scholer Rewards High Billers
If we were to hold a contest for “Law Firm Whose Name Sounds Most Like That of a Drag Queen,” the clear winner would be Kaye Scholer. Just drop that first “e” to form “Kay Scholer” — doesn’t she sound fierce? Scroll through this list of drag queen names. Wouldn’t Kay Scholer fit right in? […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Sidley Austin Pwns Cravath/DPW Associates
Dear associates at Cravath and Davis Polk (and other firms that have matched the Cravath bonus): you guys are getting screwed. No, seriously, you’re getting rogered but good. If you are going to take this lowball bonus the partners are shoving down your throats and grin and bear it, maybe you deserve what’s happening to […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Davis Polk Matches Cravath
Bonuses have just been announced at Davis Polk. The firm has decided to match the Cravath scale. This may be disappointing, but it honestly shouldn’t be shocking. Davis Polk may be a market leader when it comes to beautiful offices or beautiful associates, but historically it has been cheap hasn’t led the way on associate […]
Sponsored
Sponsored
How To Maximize Productivity With Westlaw Precision With CoCounsel
Westlaw Precision with CoCounsel helps legal professionals get a faster start to their research. Over time, that added productivity can lead to higher-quality research and…
Sponsored
The Ethical use of Generative AI
What’s the key to empowering your legal team with the efficiency and insight of AI while protecting the integrity of their work? Read this article…
Sponsored
New Report - Are Small Firms Achieving Their Legal Tech Goals?
In this new report of more than 100 professionals at small and smaller midsize law firms, iManage and Above the Law shed new light on…
Sponsored
Sponsored
Attention Buyer: Not All Legal AI Models Are Created Equal
Legal Gen AI – Uncover the best solution for your firm.
Sponsored
Mitigating M&A Cyber Risk: Pre- & Post-Acquisition Due Diligence
Why M&A cybersecurity due diligence?
-
Associate Bonus Watch 2010
Associate Bonus Watch: Weil Believes That 'Market' = Cravath
As we just mentioned, Sullivan & Cromwell has not yet announced its bonuses. It seems that several other top law firms are keeping their powder dry until S&C fires. But Weil Gotshal, which previously committed itself to “compensating Associates at market rates” and paying “2010 bonuses that are commensurate with bonuses paid by peer firms,” […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Partner Issues, Partner Profits
Associate Bonus Watch: What's Up With S&C?
As of this writing — Thursday, December 16, at 10:30 AM — Sullivan & Cromwell has not yet announced its bonus scheme. We suspect that several other top firms that have yet to announce bonuses, like Davis Polk, Simpson Thacher, Cleary Gottlieb, and Debevoise, are simply waiting for the white smoke to emerge from 125 […] -
Associate Bonus Watch 2010
Associate Bonus Watch: Clifford Chance Matches Cravath
The bonus news is coming fast and furious now. I guess a lot of Biglaw firms want people to think of Cahill as a “boutique” type of firm like Susman Godfrey instead of a Biglaw competitor who simply saw Cravath’s bonus payout and smashed it. The latest news is from international powerhouse Clifford Chance. Its […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Cadwalader
Just like last year, we’re late in covering the bonus announcement of Cadwalader, Wickersham & Taft, which apparently happened a few days after the Cravath announcement. But just like last year, the Cadwalader bonus news is nothing to write home about. We haven’t seen the memo — please feel free to send it our way […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Boutique Law Firms, Money, Susman Godfrey
Associate Bonus Watch: Susman Godfrey Shatters the Cravath Bonus Scale
It seems that Cahill Gordon isn’t the only firm putting the 2010 Cravath bonuses to shame. The elite litigation boutique of Susman Godfrey — founded in Texas, but now with offices in New York, Los Angeles, and Seattle, as well as Houston and Dallas — is paying out associate bonuses as big as the Texas […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Fried Frank Announces Bonuses 'Up to $40,000'
On Friday, the firm of Fried Frank announced associate bonuses. This year’s announcement was just like last year’s, i.e., something of a black box. The firm memo, reprinted below, states that FFHSJ will be paying “year-end bonuses to New York associates in varying amounts up to $40,000” — but doesn’t say much more than that. […] -
Associate Bonus Watch 2010
Associate Bonus Watch: Cahill Gordon DESTROYS the Cravath Bonus
Hey now, this is just coming into our tips box, but we’ve now got two sources reporting that Cahill Gordon will be giving between $15,000 and $20,000 in bonuses to all associate classes this month. And then giving bonuses according to the standard 2010 Cravath scale in January — “at least” the Cravath scale, according […]