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,” […]
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 […]
We’ve all heard how dysfunctional entry-level legal recruiting is: Inordinate expense, decisions made on the briefest of subjective impressions with opacity all around, and what do firms reap for all their efforts? Shocking attrition rates among junior associates. It’s time for a conference on what could work better, and this is it.