
Biglaw Firm Bakes Blessings In For Bigger Bonuses
Moneyyyyyyyyyy!
Moneyyyyyyyyyy!
Howdy! And welcome to the raise party!
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* When you constantly admit to elements of a crime, it shouldn't really be a surprise when you get indicted for that crime. [CNN] * Julian Assange loses bid to avoid extradition to the United States. His camp says he has another appeal coming, but maybe he and Trump can soon reminisce about classified documents and Russian misinformation campaigns. [Reuters] * Baker Botts eyes merger and five of its partners eye the leadership chair. It's Game of Thrones except with more financial spreadsheets and less nudity. Presumably. [Bloomberg Law News] * ChatGPTGate continued with a hearing and the two lawyers involved in citing the fake AI generated cases got a thorough tongue-lashing. [Law360] * Speaking of AI, a radio host has sued ChatGPT for making up past criminal claims about him. This has been coming for awhile. [Business Insider] * The FBI nabbed the guy involved in the allegations against Texas AG Ken Paxton, so that's all crumbling apace. [Politico] * ABA issues ruling on client intake. Look, they can't all be earth-shattering the day after a president gets federally indicted. [American Lawyer]
Which firm will be the one to combine with Baker Botts?
Financially suffering law firms may be the exception rather than the rule.
Associates have their cake and eat it too.
Those who’ve adopted legal-specific systems are seeing big benefits.
'It's a miracle,' said one associate.
After cutting back last year, the firm is moving ahead with the rest of Biglaw.
Toot toot! Another firm gets on board with special bonuses.
Bonuses will be paid before year end.
Adoption of Chrometa represents more than a technological upgrade; it reflects a professional philosophy that values accuracy, transparency, and efficiency.
That's... a lot of layoffs.
Bonuses, post-COVID austerity measures, is the new Biglaw trend.
Expect salary cuts across the board.
Sullivan & Cromwell, Kirkland & Ellis, Arnold & Porter, Wachtell, and Baker Botts all have their hands on this deal.
Yes Virginia, it's still bonus season.