Biglaw’s Lockstep Era Continues To Crack As Top Firm Announces Partner Bonus Pool
The Am Law top 50 firm’s new bonus pool signals that even lockstep loyalists are adapting to the modern lateral market.
The Am Law top 50 firm’s new bonus pool signals that even lockstep loyalists are adapting to the modern lateral market.
Associates will receive bonuses of up to $140,000. Congrats!
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Caving law firms experience exodus.
Debevoise had an all-equity partnership for all of its existence, but times have changed, and now the firm is changing too.
Associates will receive bonuses of up to $140,000. Congrats!
It's good to be at the top.
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* NYC is prepared for protests surrounding Trump indictment. Precaution is always good, but most of his supporters inclined to go out and do something dangerous are probably already serving their January 6th sentence. [Reuters] * Meanwhile, the House GOP wants Manhattan DA Alvin Bragg to testify to Congress about this process because federalism and states rights are just empty slogans. [Courthouse News Service] * Fox producer claims Winston & Strawn and network attorneys pressured her to be evasive in Dominion suit deposition. Sometimes witnesses misinterpret "don't speculate" for "be evasive" but reading some of the details, this seems to be... not that. [Law360] * Proposed class action against JPMorgan Chase for aiding in sex trafficking moves forward. [New York Law Journal] * Debevoise partners took the firm's headcount growth on the chin with average profits dipping to a mere $4.42 million per partner. This might look very smart in a few months when they're going to need all those retained associates for ramped up work because... [American Lawyer] * ... Biglaw projects an M&A revamp over the second half of the year. Which is the prediction Above the Law has made for months so it's nice to see the firms catching up. [Bloomberg Law News] * Kevin Costner's case heads to the South Dakota Supreme Court. I didn't like The Postman either, but we don't need to make a whole case out of it. [Kelo]
Will other firms follow suit?
Exciting news for associates at this firm.
Associates will be happily riding this wave of cash.
Law firms and legal departments are writing the future of the profession in separate rooms. What happens when they actually work together?
The firm continues to focus on the health and safety of its lawyers and staff.
We're bringing the whole gang into this special bonus job.
First years are getting paid!
But, what'd they decide?
Yeah, no shit, dude.