Fried Frank’s Chair Steps Down After 10 Years, Ushering In New Leaders
He led the firm through good times and bad, and still came out ahead of the game.
He led the firm through good times and bad, and still came out ahead of the game.
$11 million a year? That's quite the payday.
Explore the mindset, cultural shifts, and training strategies that define the AI‑savvy lawyer, revealing why human judgment, standardized competence, and integrated learning—not technology alone—will shape the future of the profession.
Who's getting a little extra in their next paycheck?
Associates with high hours can get above-market bonuses.
Some associates at this firm can make up to $20,000 more than the Cravath scale.
Isn't it a bit early to be talking about 2016 bonuses?
Legal work isn’t slowing down, and the firms that win won’t be the ones working harder — they’ll be the ones working smarter.
What will the controlling bonus scale be now that Davis Polk has beaten the market?
What's going on at Fried Frank, which has seen significant lateral losses lately?
Every time an associate says, “I don’t believe in higher bonuses,” there’s a would-be Boies-level bonus someplace that falls down dead.
Yet another large law firm is conducting significant cuts. Which one is it this time?
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* It’s just business as usual: Amid accusations of liberal court-packing, D.C. Circuit nominee Nina Pillard faced questions on abortion and religion during her testimony before the Senate Judiciary Committee. [USA Today] * Biglaw isn’t as dead as we’ve been told and made to believe. Some of the largest firms are actually doing quite well, says American Lawyer’s editor-in-chief, who’d like her job to retain some meaning for now. [Am Law Daily] * Fried Frank knew that it’d take a banker to pull the firm from its monetary funk, so it picked up David Greenwald, deputy general counsel of Goldman Sachs, to act as co-chair through 2015. [New York Law Journal] * With the change in SEC policy, from allowing companies to use neither-admit-nor-deny language, to forcing them to admit guilt in “egregious” cases, lawyers may soon be very busy. [Corporate Counsel] * Raj Rajaratnam is a firm believer in the “three strikes and you’re out” theory of law. A month after the Second Circuit affirmed his insider trading conviction, he’s asking for a rehearing en banc. [Bloomberg]