Cravath
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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 […] -
Biglaw, Crime, Insider Trading, Lawyer of the Day, Mergers and Acquisitions, Wall Street, White-Collar Crime
Ex-Associate at Three Top Firms Charged With Massive Insider Trading
There’s no contest today for Lawyer of the Day honors. The clear winner is Matthew Kluger, a former associate at three leading law firms, who has been charged in a massive insider trading case. Kluger stands accused of reaping more than $32 million in profit over the course of a 17-year conspiracy, which also allegedly […] - 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… -
Biglaw, Cars, Guantanamo Bay, John Yoo, Non-Sequiturs, War on Terror
Non-Sequiturs: 04.04.11
* Khalid Sheikh Mohammed will be tried by a military commission at Guantanamo, but John Yoo is still not satisfied. He wants to capture people and hold them indefinitely without trial proof that the Obama Administration can conduct terror trials successfully. Obviously, the elegant solution is to make KSM live in Yoo’s basement until one […]
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Biglaw, Contests, March Madness, Reader Polls
ATL March Madness: The Coolest Law Firm Final Four
There haven’t been any VCU-style upsets in our Coolest Law Firm Bracket. That’s probably because lawyers don’t like upsets. Lawyers get paid to make sure no “surprises” happen; lawyers like things to proceed in a predictable and organized fashion. Sure, Davis Polk (ranked #5 by Vault) topped Skadden (ranked #4) in the Elite Eight. But […] -
Biglaw, Contests, March Madness, Reader Polls, Williams & Connolly
ATL March Madness: The Coolest Law Firm Elite Eight
We will have a new winner in this year’s Coolest Law Firm contest. When Above the Law first ran this bracket back in 2008, you picked Latham & Watkins as the victor. This time around, they got… Lathamed, in the first round. Cravath crushed Latham by a 60% – 40% margin. That was the second-highest […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Associate Bonus Watch: Simpson Raises to Cravath Spring Bonus Scale
In a postcript to our detailed post speculating about the future direction of the spring bonus phenomenon, we noted “an isolated report of one firm on the S&C spring bonus scale going back and raising to the Cravath scale,” but said we required additional corroboration. We now have the requisite confirmation. On Tuesday, Simpson Thacher […] -
Asians, Biglaw, Federal Judges, Lawyer of the Day, Reader Polls, Violence
January Lawyer of the Month Restores Faith in Humanity
Thank you, Above the Law readers. The results are in for January’s Lawyer of the Month, and I can happily report that I do not write for an audience comprised solely of heartless, cynical d-bags. Seriously, I’m going to be able to talk to my mother about what I do for a living for a […] -
Asians, Biglaw, Federal Judges, Lawyer of the Day, Reader Polls, Violence
Lawyer of the Month: January Reader Poll
As many of you know, one of our running features here at Above the Law is Lawyer of the Day. We don’t literally name one every day, but we like to keep you informed of the famous and infamous lawyers of the world. At the end of the year, we give you guys an opportunity […] - 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, Biglaw, Bonuses, Fabulosity, Money
Associate Bonus Watch: Cravath Enters the Bonus Wars -- and Beats S&C!
The venerable firm of Cravath, Swaine & Moore — still widely regarded as setting the market for associate compensation at large law firms, even if other places pay more — has announced springtime bonuses. These bonuses are on top of the recent year-end bonuses that Cravath paid in December 2010. And get this: the CSM […] -
Biglaw, FCC, JPMorgan Chase, Partner Issues, R. Ted Cruz, Television, Wall Street, Yul Kwon
Musical Chairs: Legal Celebrities on the Move(Including the energy lawyers going from MWE to CWT.)
A new year, a new job. That seems to be the thinking of many within the legal profession, based on the proliferation of professional moves we have to report (and not just out of Howrey). We’ll start with one move that’s aspirational rather than actual. Legal and political superstar Ted Cruz — the Morgan Lewis […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Partner Issues, Partner Profits
Associate Bonus Watch: What's Up With S&C?
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 […] -
Biglaw, Partner Issues, Partner Profits, Williams & Connolly
A Look at New Partner Classes at Ten Top Firms (and an Open Thread)
‘Tis the season — for new partner elections at large law firms. Although there are some exceptions, most firms pick and announce their new partner classes around November and December, with partnership effective on January 1 of the following year. These partnership announcements sometimes contain interesting information, if you read between the lines. As we’ve […] -
Associate Bonus Watch 2010, Biglaw, Bonuses, Money
Did Kirkland & Ellis Already Promise to Blow Cravath's Bonuses Out of the Water?
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 […]
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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…
Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
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…
Sponsored
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Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
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The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms.
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Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Cheapness, Holy Crap, Money
Cravath Bonuses Are Out: The 2010 Bonus Season Is Under Way!
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? -
Biglaw, Gay, Job Searches, Lesbians, pls hndle thx
Pls Hndle Thx: Family Friendly, Lesbian, Liberal - Is There a Firm for That?
Ed. note: Have a question for next week? Send it in to advice@abovethelaw.com ATL: I am a 2L at Columbia and I am deciding amongst Cravath, Davis Polk, Debevoise (Elie should chime in now), Paul Weiss, and Sullivan & Cromwell. I am getting married in December so I would love to work at a family-friendly […] -
Alston & Bird, Biglaw, In-House Counsel, Intellectual Property
Who Represents Corporate America?
Now this is a list that matters. Corporate Counsel (an American Lawyer publication) has complied its annual list of the firms that Fortune 100 companies use as outside counsel. This is a list of which firms are getting work from clients with deep pockets. If you care at all about the business end of the […] -
Biglaw, Fabulosity, Summer Associates
Things Are Looking Up: More Summer Associate Classes Get 100% Offer News
We feel like we’re taking magic Biglaw pills today and having hallucinatory flashbacks to 2006. The good news has been rolling in. Just today, we covered raises at Sheppard Mullin, and a 100% offer rate for D.C. summer associates at Latham & Watkins. And over at Am Law Daily, Zach Lowe predicts good things for […] -
Biglaw, General Counsel, In-House Counsel, Morgan Stanley, Musical Chairs, Wall Street
Musical Chairs: Frank Barron Leaves Cravath for Morgan Stanley
It’s not every day that a partner leaves the storied firm of Cravath, Swaine & Moore. But it’s not every day that a suitor with comparable prestige, wealth, and WASPiness comes calling. Dealbook reports: Morgan Stanley said on Thursday that it has hired Francis P. Barron, a partner at the law firm Cravath, Swaine & […] -
Biglaw, Contests, Fabulosity, Parties, Summer Associates
ATL Contest: Which Is the Best Event for 2010 Summer Associates?
Some summer associates are already halfway through their Biglaw summer experiences. We hope that Northwestern’s “No More I Love Yous” is not ringing true for you, and that your offices don’t bear any resemblance to the photo from our last Caption Contest. We have heard that you’re not eating out as often or spending as […] -
Biglaw, Lawyer Advertising, Technology
Cravath Website Gets A Makeover... But Its Associates Don't
Forget Queer Eye and the Biggest Loser. When it comes to makeovers, we’re far more entertained when Biglaw firms overhaul their websites. Especially when they involve mind games (MoFo), body shots (Ballard Spahr and Cox Smith), or hotties (Davis Polk). Cravath previously had an Internet 1.0-type website. It was extremely basic; its sole function seemed […]