G. Daniel O’Donnell

When it comes to law firm bonus news, there’s no such thing as “too late.” Heck, we covered Wachtell Lipton’s bonuses for 2011 and 2012 just last week.

If you have Biglaw bonus news that we have not yet covered, please email us or text us (646-820-8477). We’re always happy to hear from you.

Last month, Dechert announced the price it pays for associate talent. Let’s travel down this bonus road, shall we?

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There’s lots of good news these days over at Dechert. For example, as we mentioned last week, the firm is launching a new Los Angeles office, built around a group of lateral partners lured over from Orrick.

This morning brings good news for Dechert associates and counsel as well. The firm just announced Cravath-level spring bonuses, to be paid to qualifying associates. We discuss the qualifications and reprint the full memo below.

Although Dechert is now a major international firm, it’s still associated in many people’s minds with Philadelphia, where it got its start. Does Dechert’s spring bonus announcement place pressure on firms that are headquarted in Philly or have significant presences in the City of Brotherly Love?

By the way, it appears that we never reported on Dechert’s 2010 year-end bonuses, which were announced in early February 2011. We discuss them as well, after the jump.

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Over the last 24 hours, there have been some managing partner shake-ups at some notable large law firms. Let’s tackle the news in Vault order. First up: Baker & McKenzie.

The firm has gone international to find its next managing partner. The WSJ Law Blog reports:

[I]f anyone had any doubts about the firm’s commitment to its international presence, consider this: It recently elected São Paulo partner Eduardo Leite as the next chairman of the firm’s eight-person executive committee…

Leite represents the firm’s first Latin American chair. And we can’t think of any other U.S.-based law firm that’s picked someone based in Latin America to lead it.

Am Law has a great quote about Leite…

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Leadership changes at Baker & McKenzie, Dechert.

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