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? […]
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 […]
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.
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 […]
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,” […]
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 […]
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 […]
Law firms and legal departments are writing the future of the profession in separate rooms. What happens when they actually work together?
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 […]
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 […]
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. […]
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 […]
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.
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 […]
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 […]
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 […]
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 […]
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 […]