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 […]
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 […]
Leveraging agentic AI to triage, prioritize, and automate the law department inbox.
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 […]
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 […]
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 […]
Oh, thank God. — an anonymous law firm partner, upon learning of Cravath’s 2010 bonus announcement.
How a former insurance agent built a Houston injury practice around systems, empathy, and disciplined advocacy.
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?
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 […]
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 […]