Associate Bonus Watch 2010
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Associate Bonus Watch 2010, Biglaw, Bonuses, Dewey & LeBoeuf, Money
Associate Bonus Watch: Dewey & LeBoeuf Matches(With footnotes, one good.)
This shouldn’t come as any great surprise, but Dewey & LeBoeuf has announced bonuses for its U.S. counsel and associates. And — shocker — they are following the 2010 Cravath bonus scale. For the most part; there are some caveats and prerequisites. And there’s also some extra upside, for selected top performers. You know you’re […] -
Akin Gump, Associate Bonus Watch 2010, Biglaw, Bonuses, Money, Tax Law
Associate Bonus Watch: At Akin Gump, Timing is Everything
It’s been a rough couple of week for Akin Gump. First, Steven Pesner made the firm look bad by exposing his own egomania. The man is now a case study in inappropriate partner behavior, so that should be coming to an Akin recruiting brochure near you. Then, as we mentioned in Morning Docket, the firm […] - Sponsored
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Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Speculation: Will Cahill Double the Market In Secret?
Bonus season is in full swing, and it appears that most Biglaw firms are falling in line behind Cravath. The chances of a firm besting the Cravath scale in any meaningful way grow slimmer everyday. But according to one tipster, there is still hope for associates, and it’s coming from an unlikely place. A tipster […]
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Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Proskauer Rose Matches
Proskauer Rose just announced its 2010 bonuses. Drama? Suspense? Tension? Please. A rose by any other name still smells like Cravath. Proskauer matched the Cravath bonus scale. Had Proskauer beaten the market, It would have been more surprising than learning that life can use arsenic as a fundamental building block. We don’t have the full […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money, Willkie Farr
Associate Bonus Watch: Willkie Farr Matches Cravath
The memo is just coming in now, but the news is not shocking. Willkie Farr has decided to match the Cravath bonus scale, continuing the trend of everybody mindlessly doing whatever Cravath tells them to do. The bonuses will be paid on December 17th, so Willkie associates will still have some time to put the […] -
Associate Bonus Watch 2010, Bonuses, Job Survey, Money, Small Law Firms, Solo Practitioners
(Hopefully Not Very) Small Law Firm Bonuses: Time for a Reader Survey
While Biglaw types may or may not have had something to be thankful for over the holiday weekend, many small firm lawyers were feeling the Thanksgiving love via the SoloSez list serve. There were numerous magnanimous emails coming through about what small firm lawyers are thankful for. I found myself wondering whether these warm-and-fuzzy feelings […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Weil Will Match
The latest firm to announce that it’s matching the market — which, at the current time, is embodied in the Cravath bonus scale — is Weil Gotshal. According to the memo, from executive partner Barry Wolf, Weil associates “will be paid 2010 bonuses that are commensurate with bonuses paid by peer firms.” We assume this […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Milbank Matches
How can you tell that your firm is embarrassed by its bonus payment and would rather people not see and comment about the payment? If they try to dump the news on the day before a major holiday. Sorry Milbank PR, we’re still here, plugging away on the Wednesday before Thanksgiving. And we’re able to […] - Sponsored
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Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Did Kirkland & Ellis Already Promise to Blow Cravath's Bonuses Out of the Water?
The happiness emanating from the offices of Biglaw partners is palpable. Cravath paid a 2009 bonus despite a stronger 2010, and lowballing associates means more money for partners. Partners are giving anonymous quotes expressing their happiness. Skadden whipped off its Cravath-matching bonus memo so quickly it looked like a damn blog post. And, predictably, consultants […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money, Skaddenfreude
Associate Bonus Watch: Skadden Matches Cravath
Bonuses have just been announced at Skadden. The following memo went out earlier today to all Skadden partners, from executive partner Eric Friedman: To All Partners: The attached memo announcing a year end discretionary bonus will be sent to associates in North America on a class by class basis today. Bonuses will range from $7,500 […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Cheapness, Money, Partner Issues, Quote of the Day
Quote of the Day: Partners Have a Lot To Be Thankful For
Oh, thank God. — an anonymous law firm partner, upon learning of Cravath’s 2010 bonus announcement. -
Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Cheapness, Holy Crap, Money
Cravath Bonuses Are Out: The 2010 Bonus Season Is Under Way!
We’ve had to wait a long time for this announcement. Last year, Cravath kicked off bonus season on November 2nd. This year, bonus news took longer to arrive. Was it worth the wait? Cravath just announced its bonuses, this afternoon. So, what are the Cravath year-end bonuses looking like for 2010? -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money, Reader Polls
Where. Are. THE BONUSES?
This is getting ridiculous. It’s November 17th. Last year, Cravath announced its 2009 bonuses on November 2nd. In 2008, Skadden announced first, on November 19th, which was the Wednesday before Thanksgiving week. So essentially Skadden announced bonuses today, two years ago. In 2007, Cravath announced on October 29th. You take the point. Where are the […]
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Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Killing Lockstep, Money, Sheppard Mullin
WilmerHale Brings Clarity to Its Merit-Based Compensation Program
The heady days of the “mutually assured destruction” approach to associate compensation by Biglaw firms are behind us. But some associates would still like to see how they are doing in comparison to their colleagues at other firms. A tipster recently wrote us: Can you do a post requesting commenters to post grade schedules a […]