Associate Bonus Watch
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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 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." - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Associate Bonus Watch 2010, Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Hughes Hubbard Makes 'Special Bonuses,' As It Would Have Been Stupid To Call Them Spring Bonuses
Earlier this week, Hughes Hubbard & Reed finally got around to issuing spring bonuses. Oh, we can’t call them “spring” bonuses, because Hughes Hubbard is calling them “special” bonuses. But make no mistake, this is a spring bonus HHR has just taken a long time to get around to. Unlike Cahill, which just gave their […]
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Associate Bonus Watch 2010, Associate Bonus Watch 2011, Biglaw, Bonuses, Money
Associate Bonus Watch: Cahill Gives Out 'Mid-Year' Bonuses
All right everybody, be cool, no need to break out the Drudge siren. Yes, Cahill Gordon, which previously smashed the year-end associate bonus market back in December, has just announced “mid-year” bonuses. But this announcement is unlikely to start a trend. Remember, because Cahill’s bonuses were already so high, the firm did not announce spring […] -
Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Constitutional Law, Gay, King & Spalding, Legal Ethics, Money, Partner Issues, Politics
King & Spalding: More DOMA Drama, Plus Salary and Bonus News
Some people, including crisis communications experts, think that King & Spalding should just shut up already about the DOMA debacle. The firm agreed to represent the House of Representatives in defending the controversial Defense of Marriage Act, and then almost immediately turned around and withdrew from the representation. This prompted the departure from the firm […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Layoffs, Money, Pregnancy / Paternity
In Defense of Kaye Scholer
While performing here at the ATL Cabaret on Wednesday night, the celebrated drag queen of Biglaw, Kaye Scholer, was pelted with rotten fruit — by her own associates. If you haven’t done so already, do check out their rage-filled rants. (If nothing else, they’ll make you feel better about your own firm.) As we’ve stated […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Layoffs, Money, Pregnancy / Paternity
Growing Discontent at Kaye Scholer
We previously compared the law firm of Kaye Scholer to a drag queen. Kaye Scholer, Kay Scholer — geddit? Well, some associates at Kaye Scholer claim they’ve seen underneath all the make-up — and it’s not pretty. This contestant would not go far in RuPaul’s Drag Race. In terms of responses to our recent discussion […] -
Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Cheapness, Money
Associate Bonus Watch: DLA Piper's People Pipe Up -- and They're Not Happy
DLA Piper has released some information about its associate compensation and bonus payouts, and some associates who work for the firm are unhappy. Why? I don’t really know. I don’t know why they thought that working for the largest firm in the world would be a good thing when it came time to pay out […] - Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms. -
Arnold & Porter, Associate Bonus Watch 2010, Biglaw, Bonuses, Money, Stroock & Stroock & Lavan
Which Firms Are Definitely NOT Paying Spring Bonuses?
It’s April 29. Monarchists have long circled this day as an opportunity to praise the vestigial structures of imperial domination. But this day means a lot to people who earn their fortune through work instead of birth. Today is a huge day for Biglaw associates. For many, today is the day spring bonus payments hit […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Schulte Will Pay Spring Bonuses, But You'll Need To Jump Through Some Hoops First
The funny thing about spring bonuses is that nobody really planned on them. Firms really thought they were going to be able to get through bonus season paying Cravath’s lowball initial bonuses. Remember when Cravath seemingly set the market, and there was that one partner caught saying “thank God”? That’s what firms were thinking. Well, […] -
Akin Gump, Associate Bonus Watch 2010, Biglaw, Bonuses, Money, Partner Profits
Associate Bonus Watch: Akin Gump Jumps on Spring Bonus Bandwagon
It’s definitely a good Friday over at Akin Gump. The firm just announced spring bonuses. Better late than never. We’ve been receiving complaints from financially achin’ Akin associates for weeks. Earlier this month, for example, one Akin Gump lawyer complained about the firm not paying spring bonuses despite robust profits in 2010 (profit per partner […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Open Thread: Class of 2010 Associate Bonus Bitch-Fest
Personally, I think it’s time for Biglaw associates in the class of 2010 to drink a tall glass of shut the hell up. They got jobs at a time when many of their classmates did not. They received $160K salaries just after there was a significant effort by some firms to push starting salaries down […] -
Associate Bonus Watch 2010, Biglaw, Billable Hours, Bonuses, Money
Associate Bonus Watch: Quinn Emanuel Matches Spring Bonuses at 2000 Hours -- Then Things Get Crazy Fun
In an earlier round-up on spring bonus stragglers, we talked about Latham & Watkins, Kirkland & Ellis, and Quinn Emanuel. Latham and Kirkland made spring bonus announcements a short while after our post, and now Quinn Emanuel is following suit. Actually, not “following” — depending on how hard they work, QE associates can beat the […]
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Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Mayer Brown Announces Supplemental Bonuses
On Friday, the firm of Mayer Brown announced supplemental bonuses for its U.S.-based associates (a few hours before Quinn Emanuel, which we’ll write up on Monday; we try to limit weekend writing because so few of you are around to read it). Mayer Brown is using the Cravath spring bonus scale (shocker). The bonuses will […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Orrick Springs Forward
What’s going on over at Orrick? Spring bonuses, that’s what — but with a twist. As we’ve noted before, Orrick remains committed to merit-based compensation, even though some other firms that started moving away from lockstep have returned to it. Orrick’s approach to spring bonuses reflects the meritocratic orientation of its compensation. Let’s have a […] -
Associate Salaries, Biglaw, Bonuses, Money, Partner Issues, Partner Profits
Biglaw Firm Warns Associates They'll Be 'Disappointed' With Comp
You know associates are pissed when they end their emails to Above the Law with lines like this one, from a message we received last night: NO ONE SHOULD COME HERE. EVERYONE HERE SHOULD LEAVE. That’s what happens when you tell your associates that they’re going to get paid significantly below market and like it. […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Bingham Brings Bonus Bounty
Over the past few weeks, as springtime bonus news trickled in, we heard from a few associates at Bingham McCutchen. The exact wording varied, but their messages all sounded the same theme: Shouldn’t one of the best places to work offer one of the best pay packages? Or at least a pay package consistent with […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money, White & Case
Associate Bonus Watch: Which Firms Are Springing Only in New York?
Let’s all take a deep breath. Associate bonus season, which usually wraps up sometime in January, looks like it’s been extended well into April. This is just more proof that Biglaw firms don’t actually collude. No rational business person would want to be making decisions in April 2011 about how much to pay employees for […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Morrison & Foerster Matches Spring Bonuses
Wow, it’s like White & Case’s attempt to glom on to the spring bonus trend just ticked off these other firms. First Sidley and now Morrison & Foerster have come out with real spring bonus announcements, detailing the amount of money associates can expect to get paid. We’re running off to the We Know What […] -
Associate Bonus Watch 2010, Bonuses
Associate Bonus Watch: Sidley Austin Matches on Spring Bonuses
Well, Sidley Austin turned that around more quickly than I thought. Last night I pointed out that any further delay from Sidley Austin regarding spring bonuses would just be causing pain and anguish for Sidley associates for no reason. The firm was going to have to match anyway, so why drag it out? Well, today […]