Associate Bonus Watch: Simpson Thacher Matches Cravath
Simpson Thacher will not take a backseat to Cravath when it comes to bonus payments.
New Partner Watch: Cravath and Simpson
Being a partner at a top law firm is still highly desirable. This is especially true of partners at firms near the top of the Biglaw hierarchy -- places like Cravath, Swaine & Moore and Simpson Thacher & Bartlett, with profits per partner in 2010 of $3.17 million and $2.64 million, respectively. They both announced new partnership classes this month. Let's learn about the new partners at CSM and STB. Maybe you know some of them -- from college, or law school, or a case or matter you've worked on....
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Breaking: Simpson Thacher Raises Associate Base Salaries!!!
Simpson Thacher & Bartlett has raised associate base salaries across the board. For the most junior classes, the increase is $15,000. New associates arriving at the firm in the fall will now receive a starting salary of $160,000, instead of $145,000. (You saw the memorandum here first, people — less than ten minutes after it […]