Elite Boutique Firms Continue To Outdo Biglaw When It Comes To Associate Salary Raises
If a boutique firm can dedicate its resources to paying its talent well, then your Biglaw firm can too.
If a boutique firm can dedicate its resources to paying its talent well, then your Biglaw firm can too.
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Pay your associates fairly now, or pay the price later. The choice is up to you.
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Here are the top 25 Biglaw firms, ranked by visits to Above the Law since associate raises were first announced.
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* In case you haven't been keeping score like we have, these are the firms that recently raised salaries: Jackson Walker. Where are the rest? If you’re worried you’ve missed any of our coverage on pay raises, check out our omnibus 2016 salary chart where we collect these stories. [2016 Salary Increase / Above the Law] * "[I]t's stunning that it takes a court decision for federal employees to be held accountable to the law." Perhaps someone should tell Hillary Clinton about this, but according to the D.C. Circuit, federal officials may not use private email accounts to avoid having their documents and messages fall under public records laws. [The Hill] * Steven Davis, the former chairman of Dewey & LeBoeuf, owes quite the pretty penny to Citibank in the form of an unpaid loan. Davis was ordered by Judge Nancy Bannon to pay nearly $400K to the bank to cover what was once his capital contribution to the firm before it flopped under his leadership. [New York Law Journal via ABA Journal] * Thanks to a string of victories in fending off complaints about its controversial practices, it's highly unlikely that the Securities and Exchange Commission will stop using its system of in-house administrative law judges any time soon. The SEC is very reluctant to give up its perceived "home court" advantage. [DealBook / New York Times] * If you're thinking of applying to law school with a criminal record, you probably don't need to worry too much about whether you'll be accepted. From murderers to bank robbers, plenty of ex-cons have gone to law school before you, and many of them are successful in their non-criminal careers. [Law Admissions Lowdown / U.S. News]
At least it is good news for first-year associates.
* In case you haven't been keeping score like we have, these are the firms that recently raised salaries: Kilpatrick Townsend, Sutherland, Norton Rose Fulbright, Morgan Lewis (additional details), Troutman Sanders. If you’re worried you’ve missed any of our coverage on pay raises, you can check out our omnibus 2016 salary chart where we collect these stories. [2016 Salary Increase / Above the Law] * “The plan was always to retire after this summer, retirement just came a little sooner than I’d hoped." Olympic gold medalist Shannon Vreeland isn't going to the Rio Olympics this summer; instead, she'll be swimming in the completely the uncharted waters of law school at Vanderbilt. Will she be the new Aquagirl? [SwimSwam] * Worried about Brexit? So are clients who have hired Mischon de Reya lawyers to make sure the British government doesn't try to leave the EU without consulting parliament. "Everyone in Britain needs the government to apply the correct constitutional process and allow parliament to fulfill its democratic duty," says a firm partner. [Bloomberg] * Judge Richard Posner would like to sincerely apologize for saying that the Constitution isn't worth the time judges have spent studying it. What he really meant to say was that he thinks the Constitution is so vague that judges are simply "do[ing] the best they can" to make the 17th century document applicable to our modern world. [WSJ Law Blog] * "I thought you wanted to do this. The time is right and you're ready, you just need to do it! You can't think about it. You just have to do it. You said you were gonna do it. Like I don't get why you aren't." Michelle Carter, the Massachusetts teen who walked her boyfriend through his suicide via text, will stand trial for involuntary manslaughter. [AP]
Chalk up another one.
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More raises, but some offices received considerably less than others.
Stop being so greedy, partners. It's time to spread the wealth!
Is this a sign of trouble for the firm?
Two weeks after raises, this firm drops some unfortunate news on its associates.
It's raise time, b*tches.