Money
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Steptoe Steps Up
This just in: Steptoe & Johnson has raised starting salaries in its Washington office to $160,000. We don’t know what they’re doing up the seniority ladder or in non-D.C. offices. An email to incoming associates and a memo to first-year associates appear after the jump. -
Biglaw, Howrey LLP, Money, Skaddenfreude
Nationwide Pay Raise Watch: Two New Rumors
Two things we’ve heard recently (the first more definitive than the second): 1. Howrey LLP: Last week, they made a “secret announcement” — nothing in writing — of associate pay raises in Chicago, California, and Washington, DC. 2. Baker & McKenzie: In their Chicago office (and perhaps others), they sent around a memo similar to […] - 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, Blank Rome, Duane Morris, Money, Skaddenfreude, WolfBlock
Nationwide Pay Raise Watch: Philadelphia
We’ve previously covered Denver and Hartford. Today our series of posts profiling associate compensation in various smaller legal markets — smaller than New York or Washington or Los Angeles, at least — turns to Philadelphia. What’s going on in the City of Brotherly Love? Based on some recent articles we’ve read, it seems that the […]
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: A Jenner & Block Memo
Here is a memo — yes, a memo, not THE memo — that went out to Jenner & Block associates over the weekend: Associate CompensationGallopoulos, Gregory STo: #All Attorneys – All Offices The Firm is currently giving consideration to our associate compensation structure in light of recent market changes. The Firm remains committed to maintaining […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Morgan Lewis in California; DLA Piper in Chicago
It’s a Friday afternoon. So of course we have associate pay raise news to report. First, some West Coast developments, from the Legal Pad: Add Morgan, Lewis & Bockius to the list of Cal Law 25 firms that now pay associates on the $160,000 scale. The only real holdouts now are Bingham McCutchen and Reed […] -
Biglaw, Money, Skaddenfreude, Thelen Reid & Priest
Nationwide Pay Raise Watch: Hartford
If you care only about associate compensation in major legal markets, stop reading now; do not sully your eyes with this post. But if you have an interest in what associates make outside the biggest cities, keep reading. Yesterday we covered Denver, to kick off what one commenter described as “Mid-Market Salary Mania.” Today we […] -
Bankruptcy, Blogging, Book Deals, Breasts, Drugs, Jessica Cutler / Washingtonienne, Money, Sex, Sex Scandals, Ted Frank, Television
Breaking: Jessica Cutler Files for Bankruptcy
This news is a bit mystifying to us. From the Associated Press: Jessica Cutler, the former Senate aide whose online sex diary landed her a book deal and a Playboy photo spread but got her kicked off Capitol Hill, has filed for bankruptcy…. Cutler has spent much of her time [recently] fending off a lawsuit […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: What's Up With Jenner & Block?
Some of you have been clamoring for a post discussing why Jenner & Block has been dragging its feet on associate pay raises. Pretty much all of Jenner’s traditional peer firms have already bumped to the $160K pay scale in Chicago and Washington, DC. Why hasn’t Jenner? We’ve heard some interesting theories floated to explain […] - Sponsored
Generative AI In Legal Work — What’s Fact And What’s Fiction?
Zach Warren from the Thomson Reuters Institute discusses the potential and the pitfalls. -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude, Summer Associates, Williams & Connolly
Nationwide Pay Raise Watch: What's Up With Williams & Connolly?
By email and in comments, readers have expressed significant curiosity about associate compensation at Williams & Connolly, the elite, Washington-based litigation boutique. We’d like to help; but we don’t have anything to report at the current time. Here are some questions that we’d like your thoughts on: 1. Base Salaries. Historically the firm has paid […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Denver
We realize our coverage of law firm salary news focuses very heavily on certain major legal markets, primarily on the East and West Coasts: New York, Washington, Chicago, Los Angeles, San Francisco / Silicon Valley. So we’re going to mix it up a little. Each day, for the next two weeks or so, we will […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Covington, Confirmed
The rumors were correct (as they so often are). Before the Memorial Day weekend, Covington & Burling raised associate salaries to the $160K scale. The raise is retroactive to May 1, and summer associates are in on the fun. Alas, it took us a while to get our hands on the memo. We obtained it […] -
Biglaw, Money, Munger Tolles & Olson, Skaddenfreude
Nationwide Pay Raise Watch: A Few More Announcements
To follow up on our earlier post, as well as this post from before the holiday, here are more confirmed pay raise announcements not previously mentioned in these pages: 1. Munger Tolles & Olson: They’ve raised to the $160K scale, according to The Recorder. (The same article also mentions Pillsbury Winthrop going to $160K in […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Tying Up Loose Ends
We’re a little behind in our coverage of associate pay raises at large law firms. This post will attempt to bring everyone back up to speed. Listed below are firms for which we have announcements that have been (1) confirmed and (2) not previously posted on ATL. We treat an announcement as confirmed only if […]
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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…
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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…
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Generative AI In Legal Work — What’s Fact And What’s Fiction?
Zach Warren from the Thomson Reuters Institute discusses the potential and the pitfalls.
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Bar Exams, Biglaw, Bonuses, Money, Skaddenfreude
Skaddenfreude: Bar Stipends vs. Salary Advances
An inquiry from a curious reader who will be starting at a Biglaw shop in New York in a few months: It seems my friends starting work for Latham & Watkins this fall have received stipends (i.e. signing bonuses) of more than $13,000! And I thought I had a good deal when my NY firm […] -
Admin, Biglaw, Manatt, Phelps & Phillips, Money, Skaddenfreude
Nationwide Pay Raise Watch: The Latest Announcements
It’s the Friday before a major holiday — and firms are scrambling to get their pay raise announcements out the door. It’s a nice way to send your bedraggled and overworked hardworking associates into a three-day weekend (assuming they don’t need to come in on Monday). We’re about to sign off for the weekend, and […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Paul Weiss and Cahill Gordon
Okay, commenters, break it up. There’s no need to come to blows over the propriety of discussing clerkship bonuses in a salary post. Here at ATL, there’s enough cyberspace for everyone. We’re putting an end to the turf wars, by giving you a new, dedicated thread for talking about clerkship bonuses. We’ll kick things off […] -
Arnold & Porter, Biglaw, Brown Rudnick, James Sandman, Money, Skaddenfreude
Nationwide Pay Raise Watch: Sidley Austin, Arnold & Porter, Brown Rudnick
It’s a busy morning, right before the big Memorial Day holiday weekend. There’s breaking news of associate pay raises from Sidley Austin, Arnold & Porter (hi James Sandman!!!), and Brown Rudnick. The Sidley Austin memo appears after the jump. The raise to the $160K scale covers Chicago, Dallas, Los Angeles, San Francisco, and Washington. It’s […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Mintz Levin
We’re a little tardy with this memo. It was issued on Wednesday, but we didn’t receive it until late yesterday. Anyway, better late than never. The Mintz Levin pay raise announcement appears below the fold. -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Mayer Brown Raises
The associate pay raise memo for the D.C. office of Mayer Brown Rowe & Maw, authenticated for us by a source at the firm, appears after the jump. We have no reason to doubt the authenticity of the memos, posted in the comments, that appear to be from Mayer Brown’s offices in Los Angeles and […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Ropes & Gray to $50K
Yes, that’s right. In its New York office, Ropes & Gray has upped its clerkship bonus to $50,000 (and $35,000 in its other offices). If you have two years of clerkship experience, you’ll get $70,000 — no matter what office you’re in. From the firm website: Our annual salary for first-year associates, in all of […]