Associate Bonus Watch 2011
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Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Paul Weiss Matches
Bonuses have just been announced at Paul Weiss. The firm is matching what we’ll call the Cleary Gottlieb scale, which seems to be the most generous bonus schedule among the main-line law firms (i.e., excluding outliers like Boies Schiller and Wachtell Lipton). The Cleary scale provides for (1) prorated bonuses for class of 2011 members […] -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Ropes & Gray Gets Boston Off to an Early Start
Usually, firms with main offices outside of Manhattan let the New York bonus market settle down a little bit before jumping into the fray. D.C., Chicago, Boston, and even L.A. — they all tend to allow New York to sort itself out before raising the hopes and dreams of people who aren’t paying NYC prices. […] - Sponsored
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Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Davis Polk Matches
The pulchritudinous law firm of Davis Polk & Wardwell just announced its year-end bonuses. Are they as hot as DPW attorneys? Apparently not. One of the sources who sent it our way had this one-word summary: "Ugh." Said a second: "Bummed but not surprised." Is there a stub bonus for the class of 2011? What about mention of spring bonuses?
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Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Debevoise and Plimpton Matches S&C
This is my least favorite post to write every year. The Debevoise & Plimpton bonuses were just announced. So now it’s time for me to sit back and marvel at how much money I personally left on the table when I decided to quit Debevoise what feels like a lifetime ago. In fact, the very […] -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Simpson Thacher and Cleary Matching S&C
The floodgates are open and we are awash in bonus news. Sources are reporting that Simpson Thacher and Cleary Gottlieb are both matching the Sullivan & Cromwell bonus scale. That means a little extra money for those at the very top of the scale. But does it mean spring bonuses? -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Kaye Scholer Tries to Confuse By Matching Cravath's Year-End Bonus and Last Year's Spring Bonus
Read carefully, because Kaye Scholer is hoping you won't. The firm announced a match of the Cravath regular bonus from this season. And a match of the Cravath spring bonus from last season. But that has nothing to do with this season's spring bonus, which Sullivan & Cromwell alluded to. Keeping you apprised of the latest bonus shenanigans is what Above the Law is here for.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Sullivan & Cromwell 'Beats' Cravath -- and Promises Spring Bonuses
Sullivan & Cromwell has shown up to Bigfoot the partnership of Cravath -- sort of. It has announced a year-end bonus scale that is very similar to, but slightly better than, the Cravath bonus scale. And, more importantly, it has promised spring bonuses. Let's get into the specifics.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Weil Matches Cravath (And There's Nothing 'Distinguished' About It)
After yesterday’s excitement over the Boies Schiller bonuses, we’re back to the Cravath scale. Today Weil Gotshal came out with its year-end bonuses. The firm is matching Cravath. Our sources report the Weil scale starts at $7,500 for full first-year associates — no stub-year bonus for the class of 2011, like at Milbank — and […] - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Akin Gump, Associate Bonus Watch 2011, Associate Salaries, Bonuses, Dewey & LeBoeuf, Ho-Love, Money, Partner Profits
Keeping Up With the Cravathians: The Ten Most Generous (or Foolish?) Law Firms
Cravath is among the most profitable firms in the world. We thought it would be interesting to see what the implications of matching Cravath are for those firms with much lower profit margins. Which firms’ partners willingly take the biggest hit by keeping up? Are these firms arguably more “generous”? After the jump, check out those firms that pay the largest percentage of PPP in bonuses.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, David Boies, Money
Associate Bonus Watch: Boies Schiller Shellacks Cravath
The first firm to make Cravath associates feel impoverished this season appears to be Boies Schiller. Yep, the house that David Boies built is once again paying money to its people like bonuses are a reward for hard work. But some say the payouts don't appear to be quite as generous as last year. Others disagree. But you really don't have to try that hard to beat Cravath anymore... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Shearman & Sterling
As they say in the Pokémon movie, you gotta catch 'em all. That's how we approach bonus news here at Above the Law. We've heard some rumblings about some big, Cravath topping bonuses at a well known shop, but for now, we've got a standard Cravath match. Shearman & Sterling, come on down. You're on "The Price Is Meh"... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Proskauer Matches
Let's keep the bonus news rolling. On Friday, our sources reported that Proskauer Rose matched the Cravath 2011 bonus scale. We now have the official firm memo. Apparently this news is likely to anger many Proskauer associates. Given that fact, we're not exactly sure why the firm was eager to be one of the early adopters of Cravath's bonus scale.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Job Survey, Money, Reader Polls
Bonus Season Blues
Perhaps you’ve already heard that Cravath announced its 2011 bonus scale on Monday (swiftly followed by Skadden and Milbank), and apparently it’s 2009 all over again. We can’t help but wonder if this bonus season’s dyspepsia is typical of lawyers and law students generally....
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Associate Bonus Watch 2011, Biglaw, Bonuses
Associate Bonus Watch: Milbank Matches -- or Beats? -- Cravath and Skadden
Milbank Tweed matched the Cravath bonus scale for 2011. But wait -- did Milbank perhaps beat the Cravath and Skadden bonus scales? Let's look at the details of the Milbank bonus announcement.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Skadden Matches Cravath
No surprises here: Skadden has matched the 2011 Cravath bonus scale. Given the sheer size of Skadden, in terms of attorney headcount, this announcement directly affects the pocketbooks of more lawyers than the Cravath news. Let's look at the memo, along with reactions from SASMF associates.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Holy Crap, Money
Breaking: Cravath Bonuses Are Out; Welcome to the 2011 Bonus Season!
It took a little longer than most of you expected, but Cravath, Swaine & Moore just announced its 2011 associate bonuses. Barring something very unforeseen, these bonuses are what many Biglaw firms, in New York and across the land, will pay out this year to their people. Historically Cravath has set the market with respect to year-end associate bonuses at major law firms. Let's take a look at the official memorandum, and engage in some analysis.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money, Reader Polls
When Will The Bonuses Come Out? Most Of You Think This Month.
On Friday, our new Breaking Media research guru Brian Dalton started running a poll asking you, our readers, when you thought the bonuses would start flowing. It'll be an interesting test case to rate the predictive power of Biglaw reader groupthink. The numbers say that you expect bonuses to drop any minute now.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Money, Wall Street
The 1% Would Like Their Bonuses... NOW
Last year, on November 17th, we asked where the Biglaw bonuses were. Cravath announced five days later. So if the firms are waiting for a personal invitation to announce their 2011 bonus payments, they should feel free to RSVP to this post. We're ready for the bonuses now.... -
Associate Bonus Watch 2011, Biglaw, Bonuses, Citigroup, Money, Partner Issues
Biglaw Starts To Manage Expectations About Bonuses
The first bit of bonus news has leaked out of Biglaw. We're not talking about spring bonuses, and we're not talking about random mid-year bonuses. We're talking about regular, end-of-the-year, take-it-to-the-champagne-room bonuses. And sure, the early news is bad, but that's to be expected. This first report is just what Biglaw wants you to hear. But if the past year in bonus news proves anything, it's that Cravath sets the bonus market, even when they do it late.... -
Associate Bonus Watch 2010, Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Irell Announces Mid-Year Bonuses
Law firm bonus news keeps on coming. The latest windfalls are being paid out by Irell & Manella, which just announced "mid-year bonuses."