
Associate Bonus Watch: 10 Leading Law Firms — Who’s Naughty And Who’s Nice?
A round-up of bonus news from 10 leading law firms.
A round-up of bonus news from 10 leading law firms.
* When Loretta Lynch still worked at Hogan & Hartson (now known as Hogan Lovells thanks to a merger), her colleagues described her as a warm person without “a political bone in her body.” That said, best of luck to her in D.C. [National Law Journal] * The D.C. Circuit upheld the Affordable Care Act’s contraceptive opt-out plan for religious employers, but since “[t]he court is wrong,” we can count on a at least a few organizations that’ll refuse to comply. Gee, thanks a lot, Obama. [WSJ Law Blog] * Some call the latest Biglaw tie-up “law-firm Darwinism,” but hey, “[i]t’s not like [Bingham's] a wounded gazelle and we are pouncing on them,” says a too coy Morgan Lewis lawyer. [Philadelphia Inquirer] * Fashion law may be a $985 billion global industry, but only five law school courses on the topic exist in the U.S. Why? “There’s no defensible reason except that fashion is perceived as a frivolous subject.” [AFP] * This woman plans to appeal a $1 billion divorce settlement award because it’s not “fair and equitable.” In her defense, she did get a very small percentage of her ex-husband’s multibillion-dollar wealth. [People] * Wage and hour laws have never been so sexy: Thanks to this court ruling, Rick’s Cabaret is going to have to make it rain on thousands of strippers to the tune of more than $10 million. [New York Times]
How to make the right decision, and why there might be another way to shape a fulfilling legal career on your own terms.
Partner bonuses at Hogan Lovells generated controversy earlier this year; can the same be said about associate bonuses?
Can you believe the emails that went around internally at DLA Piper about this client's legal bill? Check them out -- along with news of lateral partner moves.
What is the new market rate for Supreme Court clerkship bonuses? It's pretty darn high -- you could buy a house with this number....
January is generally a popular time for partner moves, and energy lawyers are popular people. Right now their practice area is as hot as New York City is cold. As you may recall, this time last year a slew of energy attorneys moved from McDermott to Cadwalader. We've recently received word that at least two prominent partners in the energy space are switching firms. Let's find out who they are and where they are heading....
Based on our experience in recent client matters, we have seen an escalating threat posed by the Democratic People’s Republic of Korea (DPRK) information technology (IT) workers engaging in sophisticated schemes to evade US and UN sanctions, steal intellectual property from US companies, and/or inject ransomware into company IT environments, in support of enhancing North Korea’s illicit weapons program.
In our recent post on the top 10 most generous large law firms, the firm of Hogan Lovells placed second. Under the rankings, this meant that Hogan partners are taking the second-biggest hit to their own bottom lines in order to keep their associates happy and well-compensated. But is this still the case today? Based on what we're hearing about the most recent Hogan bonuses, one wonders whether the Ho-Love partners have turned from Santas into Scrooges....
He was clearly the salesman-in-chief, and he did a darn good job at it. I remember being told that despite the fact that the economy was essentially collapsing around everyone’s heads, 2008 was going to come in well over budget with record revenues and profits. — Andrew Ness, former managing partner of the D.C. office […]
* “Dominique Strauss-Kahn Gets Off, As Did Everyone Else Who Stayed In His Room At The Sofitel.” Or: what you don’t want to know about your high-end hotel room. [Dealbreaker] * F**k yeah — trademark law! Or: some reflections on the “immoral or scandalous” bar to trademark registration, by fashion lawyer Chuck Colman. [Law of […]
Every day that major law firms do not announce spring bonuses makes them look like below-market, “non-peer” institutions. It has become very clear that firms claiming to pay market compensation need to be providing spring bonuses. The latest firm to yield to market realities is Hogan Lovells. The relatively new Ho-Love, formed by the merger […]
Here's how you can spend more time practicing law, and less time sorting, sifting, and summarizing.
Last week, Hogan Lovells announced its associate bonuses. It’s the first bonus season for the firm since the merger of Hogan & Hartson and Lovells. Unfortunately for some associates, the transatlantic deal apparently did not pay off for them at bonus time. The memos are individualized, but the associates who have reached out to Above […]
The prior reports of additional payments to some associates at Hogan Lovells, designed to reward these associates for making their billable-hours targets, were accurate — at least with respect to the New York office. And it turns out that these payments constitute what in ATL-speak we call “true-up payments” — i.e., payments designed to give […]
Last Wednesday, the firm of Hogan Lovells — formerly known as Hogan & Hartson, before its recent merger with U.K.-based Lovells — made an announcement about associate salaries. So what went down?
One merger is an accident. Two mergers … well, that could be a trend. The merger of Hogan & Hartson and Lovells is in the books. The new firm is up and running, and it’s already saying goodbye to people. The Blog of the Legal Times reports that Hogan Lovells had some departures over the […]
Not everybody from Lovells will be jumping on the Ho-Love bandwagon this May. Legal Week reports that Lovells will close its Chicago office: Lovells is set to shut down its Chicago office by the end of October following a strategic and financial review of its business. The office, which has seven partners and 15 fee […]