In Praise of Partners’ Prudence: Why the Lack of Spring Bonuses May Have Been a Good Thing
Most major law firms didn't pay spring bonuses this year -- and maybe that was a good thing, given the warning signs ahead for Biglaw.
Associate Bonus Watch: Cahill Gordon Brings the Heat
Once again, Cahill Gordon paid mid-year bonuses to its associates. How much are we talking about, and how do the latest Cahill bonuses compare to prior years' bonuses?
[E-BOOK] 5 AI Productivity Hacks To Save Time And Streamline Your Law Firm
Discover five practical ways to harness AI and eliminate busywork—so you can focus more on your clients and less on repetitive tasks.
Associate Bonus Watch: Summer Fun at Quinn Emanuel(And news from Cahill Gordon too.)
Quinn Emanuel has paid its summer bonuses. How are QE associates reacting?
Where My Boies At? Some Wonder About April Bonuses at Boies Schiller
Some associates at Boies Schiller are wondering about missing or smaller April bonus payments. What's going on?
Confirmation That Quinn Emanuel’s Spring Bonuses Will Be Much Better Than Sullivan & Cromwell’s
Quinn's spring bonuses look to be better than S&C spring bonuses (while the so-called "market leader," Cravath, continues to pretend spring bonuses don't exist). How much are we talking about?
Breaking: Sullivan & Cromwell Announces (Paltry) Spring Bonuses
Sullivan & Cromwell has announced spring bonuses. And they're WEAK....
Today Is ‘International Be Kind to Lawyers Day’ — So How ‘Bout Those Spring Bonuses?
It's International Be Kind to Lawyers Day, and the best way to be kind to lawyers in Biglaw is to show them the money. That being said, where are the spring bonuses?
Sullivan & Cromwell Will Pay Spring Bonuses — But Will They Be Too Small To Be Worth Matching?
Sullivan & Cromwell plans to pay spring bonuses, but how big will they be? Big enough to require matching from other firms?
An Oracular Utterance from Sullivan & Cromwell on Spring Bonuses
David Lat asked H. Rodgin Cohen of Sullivan & Cromwell about spring bonuses. What did Cohen have to say on the subject?
Spring Bonuses at Cravath?
Are Cravath associates now getting spring bonuses? What gives?
Decrypting Crypto, Digital Assets, And Web3
"Decrypting Crypto" is a go-to guide for understanding the technology and tools underlying Web3 and issues raised in the context of specific legal practice areas.
Show Them the Money: Where Are the Spring Bonuses?
Today is March 1. By this time last year, about a dozen firms had announced spring bonuses, as you can see from our prior coverage. This year? Crickets. What's going on?
Spring Bonuses? Anybody? The Silence Isn’t Funny Anymore.
Last year, Sullivan & Cromwell announced spring bonuses on January 21st. Today is February 3rd. It might be time to panic. The conceit of this entire bonus season has been that the ridiculously low bonuses bar set by Cravath, Swaine & Moore was just an opening figure. People really didn't expect that Cravath would halve bonuses. Because really, it's CSM. They can count. Their profits went up. Why would they pay out 50% less than last year? Well, we guess the answer "because they can" is going to have to be enough for Biglaw associates everywhere....
Is the Legal Recession Finally Ending?
At the start of this new year, what is the outlook like for legal employment? There's certainly a fair amount of bad news out there, particularly for recent law school graduates. But what about for denizens of Biglaw, the lawyers fortunate (or unfortunate) enough to work at the nation's largest law firms? What does 2012 hold for them? Earlier this month, Elie made some predictions for the legal profession. Lat will follow in his footsteps and venture some prophecies of his own for the year....
Associate Bonus Watch: A Nice Bonus At Kirkland & Ellis, Assuming Cravath Remains Cheap
Earlier this week, Kirkland & Ellis associates started receiving phone calls about their bonuses. Many associates are reporting that their bonuses "shattered the market." It's important to note that Kirkland has a "black box" bonus structure, in which the payouts are highly individualized and based on performance and hours. Every year, there are some winners and losers. And right now, we're hearing a lot of chatter from K&E winners....
Associate Bonus Watch: Quinn Emanuel Rewards High Billers
It seems that founding partner John Quinn isn't the only one at Quinn Emanuel with a surplus of Benjamins right about now. On Friday, the litigation powerhouse announced its 2011 year-end bonus scale -- and, for the most part, it's more generous than the benchmark Cravath bonus scale....