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• Quinn Emanuel leads the pack on spring bonuses

  Apr 27 2012 Quinn Emmanuel has become one of the first large law firms to announce the award of spring bonuses, and though the figures have not yet been released, a firm memo from... more

• Age discrimination suit challenges de-equitization of partners

  Mar 13 2012 The issue of how law firms handle older lawyers who wish to keep working is becoming more acute as more lawyers challenge mandatory retirement policies. An age... more

• Lateral hiring among large firms heats up

  Mar 08 2012 The lateral hiring market is booming, with large law firms eagerly scooping up talent in the hope that it is followed by a solid book of business. The AM Law Daily... more

• Australian firm Mallesons reviews lockstep ahead of merger with King & Wood

  Feb 20 2012 Mallesons Stephen Jaques is reviewing its lockstep remuneration system ahead of the merger with Chinese law firm King & Wood. The firm currently operates a 10-year... more

• Orrick gives associates incentives to bill on time

  Feb 08 2012 Here is a brief article on the merit-based compensation system at Orrick Herrington & Sutcliffe. According to this report there are two features of Orrick’s... more

• Recession-era measures seem as though they are here to stay

  Feb 02 2012 The cost-cutting measures undertaken by law firms in the recession – including smaller entry-level classes, stagnant salaries and an impossibly long road to... more

• Large law firms likely to award spring bonuses again this year, say experts

  Jan 27 2012 Legal industry experts predict that large law firms will again award spring bonuses in 2012, following on from a trend begun in 2011, but that spring bonuses are... more

• Dechert bonuses based on performance requirement

  Jan 16 2012 Dechert announced its 2011 end-of-year bonuses for US associates just after Christmas, with a schedule of bonuses that broadly matches the standard set by Cleary... more

• California firm Irell & Manella doubles the Cravath bonus award

  Jan 06 2012 California firm Irell & Manella has once again topped the bonuses awarded by standard setter Cravath Swaine & Moore. The firm released a memo saying that it would give... more

• Legal support staff get a rough deal at bonus time

  Dec 22 2011 Above the Law has been keeping a close eye on announcements regarding annual bonuses from large law firms. Their reporting has noted that the size of this year’s... more

• Bird & Bird increases turnover and headcount

  Dec 21 2011 Bird & Bird has increased its fee-earner headcount by three per cent this year, from 654 to 673. The growth represents one of only a few cases of firms adding to... more

• US firm Davis Polk follows the leader on bonuses

  Dec 19 2011 US firm Davis Polk & Wardwell has announced its annual bonuses for associates, matching the rates set by Cravath Swaine & Moore last month The Cravath bonus scale... more

• Davis Polk & Wardwell follows the flock on annual bonuses

  Dec 14 2011 Davis Polk & Wardwell has announced that it will match the bonus structure put forward by Cravath Swaine & Moore. Like Cravath, Davis Polk's bonus scale begins... more

• Sullivan & Cromwell repeats last year's bonus figures

  Dec 09 2011 Sullivan & Cromwell has announced that it will award year-end bonuses of the same size as were awarded last year, but sweetens the news by saying that associates can... more

• Proskauer Rose follows Cravath bonus scale

  Dec 06 2011 Proskauer Rose has announced that it will match the bonus scale set by Cravath Swaine & Moore. The level of these bonuses is considered to be down the lower end of the... more

• Salaries for Indian graduates double in five years

  Dec 05 2011 There is an interesting account – published in The Lawyer – of the dramatic increase in the salaries paid to graduates in top Indian law firms over the past five... more

• Skadden matches Cravath bonus scale

  Dec 01 2011 Skadden, Arps, Slate, Meagher & Flom has matched the 2011 bonuses offered by market leader Cravath, Swaine & Moore, all but ensuring a steady and predictable bonus... more

• US survey reports increased pay for in-house lawyers

  Nov 17 2011 Things are looking good for US in-house lawyers, who are seeing higher base salaries, bigger cash bonusus, larger total cash compensation, and higher total... more

• Salaries rise and bonuses fall at Canadian firms

  Nov 09 2011 Interesting article here that speculates upon bonuses and salaries in large Canadian law firms. According to Dal Bhathal, the managing director of legal recruitment... more

• Indian firm Luthra & Luthra promotes 3 to partnership

  Aug 11 2011 Indian law firm Luthra & Luthra has promoted three lawyers to partnership in its annual promotions round. Corporate managing associate Nivedita Tiwari and litigation... more

• US general counsel pay on the rise

  Aug 01 2011 A survey on the compensation of general counsel by legal publication Corporate Counsel has shown that pay for chief legal officers has made some recovery after a... more

• Cali firm Irell & Manella pushes ahead of the game with mid year bonuses

  Jul 26 2011 California law firm Irell & Manella has announced that it will be paying mid-year bonuses to associates. After being awarded bonuses that doubled the market... more

• London firm Devonshires breaks its promise to pay bonuses

  Jun 27 2011 RollOnFriday has reported that London law firm Devonshires will not be paying the bonuses promised to associates last year. The bonus scheme was introduced to... more

• Wall Street firm Cahill announces mid-year bonuses

  Jun 17 2011 Cahill is set to award a mid-year bonus to all associates in the range of $5,000 to $25,000. The bonus comes after a record year for the Wall Street firm, with revenue... more

• Clifford Chance awards marginal pay rise

  Jun 14 2011 Clifford Chance has announced marginal salary increases for most lawyers. Pay for newly qualified lawyers will remain at £61,500 , while pay for those with one year of... more

• UK College of Law to make 30 redundancies

  Jun 07 2011 The College of Law in the UK is set to make up to 30 staff redundant across five of the eight campuses. In a less than smooth move, the announcement was made on the... more

• 70% of US law firms plan to award pay raises or bonuses

  May 19 2011 In a new survey conducted by legal staffing firm Robert Half Legal, 70 per cent of lawyers polled said their law firms or corporate legal departments plan to award... more

• Gibson Dunn & Crutcher on the spring bonus bandwagon

  Apr 06 2011 Gibson Dunn & Crutcher has taken the decision to grant spring bonuses to associates, matching the market with payments equal to those awarded by Cravath Swaine &... more

• Boies Schiller posts 3% revenue boost

  Mar 22 2011 Despite increasing its gross revenue by three per cent to $305 million in 2010, litigation firm Boies, Schiller & Flexner saw profits per partner fall by 11 per cent... more

• Dewey & LeBoeuf follows spring bonus trend

  Mar 17 2011 Dewey & LeBoeuf has made the relatively late that it will pay spring bonuses at the top-of-market rate set by Cravath Swaine & Moore. These bonuses are additional to... more

• Shearman & Sterling announces spring bonuses

  Feb 24 2011 Shearman & Sterling has announced that it will be paying spring bonuses in New York, following the scale set by Cravath Swaine & Moore for the spring payment. As... more

• London firm Farrers asks lawyers to bill four hours daily

  Feb 21 2011 London faw firm Farrer & Co is clearly seeing tough times – last week the firm announced that salaries would be frozen, bonuses would be axed, and there may be... more

• Spring bonuses abound while partnership prospects wither

  Feb 14 2011 Just one month after firms handed out their end of year bonuses, it seems that it is bonus time again. A number of firms have made announcements regarding ‘spring... more

• Morrison & Foerster announces spring bonuses

  Feb 10 2011 Morrison & Foerster has announced its spring bonuses for associates. Non-New York associates are set to see bonuses that loosely follows the Cravath, Swaine & Moore... more

• Sullivan & Cromwell announces generous spring bonuses

  Jan 24 2011 Sullivan & Cromwell has announced a generous spring bonuses for its associates. The firm has decided to the 2010 year-end bonuses, announced in December, with a... more

• Jones Day promotes 36 to partnership; offers no bonuses

  Jan 10 2011 US firm Jones Day has bucked the trend followed by every other large firm in the country with the decision not to award end of year bonuses to associates. "We... more

• Vinson & Elkins remembers the staff at bonus time

  Jan 06 2011 Vinson & Elkins did not forget their legal support staff when handing out end-of-year bonuses in December, and now the firm has announced that there will be an extra... more

• Disappointment over bonuses at Hogan Lovells

  Jan 04 2011 Hogan Lovells has announced its end of year bonus package, the first the firm has given since the merger Hogan & Hartson and Lovells. But associates hoping that the... more

• Wall Street lawyers working harder and seeing smaller bonuses

  Jan 02 2011 The Wall Street Journal reports that junior lawyers at top law firms worked harder in 2010, but that their end of year bonuses are generally at the same level as last... more

• Clifford Chance follows Cravath bonus scale

  Dec 24 2010 London-based firm Clifford Chance has announced that its US associates will receive bonuses of between $7,500 and $35,000 at the beginning of 2011. The bonus package... more

• Sidley Austin announces 25% increase in total bonuses paid

  Dec 22 2010 Sidley Austin has announced that the number of associates receiving an end-of-bonus has increased by nearly 20%, and the total sum awarded for bonuses has increased by... more

• US firm Debevoise & Plimpton follows Cravath bonus scale

  Dec 20 2010 Debevoise & Plimpton has announced its 2010 associate bonuses, following a slew of large law firms to match the scale set by Cravath, Swaine & Moore. The bonuses... more

• From redundancy rounds to big bonuses in one year

  Dec 20 2010 When Cravath, Swaine & Moore announced year-end bonuses of $7,000- $35,000, a host of other large law firms adopted the same bonus scale as a standard and followed... more

• Susman Godfrey smashes Cravath bonus scale with 6-figure payments

  Dec 14 2010 The standard set by the Cravath Swaine & Moore end-of-year bonuses has been surpassed again, with Susman Godfrey - the 90 lawyer litigation boutique with offices in... more

• Cahill Gordon & Reindel takes the lead on associate bonuses

  Dec 10 2010 Cahill Gordon & Reindel appears to be taking the lead on associate bonuses, breaking ranks with other law firms, who have largely followed the standard set by Cravath... more

• Bonus time at small US law firms: slim pickings

  Dec 09 2010 Above The Law has run an informal survey on the bonuses offered by small law firms, with highly variable results. A third of respondents reported getting no... more

• Dewey & LeBoeuf follows Cravath bonus scale

  Dec 08 2010 Dewey & LeBoeuf has announced bonuses for its US counsel and associates, with the firm essentially following the scale set by Cravath, Swaine & Moore. The... more

• Akin Gump follows Cravath's bonus scale, delays payment until 2011

  Dec 07 2010 Akin Gump Strauss Hauer & Feld has announced its associate bonuses, adopting the Cravath, Swaine & Moore scale, at least in New York. The Bonuses to be paid are as... more

• Proskauer Rose matches bonus scale

  Dec 03 2010 US firm Proskauer Rose has announced its 2010 bonuses, matching the scale set by Cravath, Swaine & Moore. The details of the bonus package are still not available,... more

• BigLaw bonuses won't make you happy

  Nov 30 2010 This article points out that the big law model requires a high level of attrition, and maximum profit is achieved if a good number of associates leave after three or... more

• Skadden matches Cravath's bonus scale

  Nov 24 2010 Skadden, Arps, Slate, Meagher & Flom has announced the rate of bonuses to be received by associates, matching the figures announced a day earlier by Cravath, Swaine &... more

• Slaughter and May increases bonuses and marginally raises salaries

  Nov 04 2010 Slaughter and May has announced an imminent increase in its firmwide bonus, as well as a marginal increase in the baseline salary for associates. All fee earners,... more

• Above The Law conducts small-firm salary survey

  Oct 26 2010 Above the Law has conducted a small-firm salary survey. The survey attempts to discover how salaries correlate with experience, including the question of whether... more

• Discretionary bonuses dropping, says US survey on in-house lawyers

  Sep 06 2010 A survey into compensation for in-house counsel has reported that pay has dropped across the board in the past year, and even top lawyers at major corporations are... more

• Allen & Overy raises bonuses and grants extra day of holiday

  Jul 09 2010 Allen & Overy has announced amended bonus guidelines for associates in light of increased profits. Newly qualified solicitors will see an average $5,000 bonus, those... more

• Kennedys reinstates bonus system for partners

  May 19 2010 Kennedys has announced that partner bonuses will be reinstated at the end of the financial year. The news comes after lawyers were told, in March last year, that... more

• Clifford Chance uncouples bonuses from billable hour

  Apr 12 2010 Clifford Chance has announced plans to overhaul its bonus system, moving even further away from the billable hour as the key determinant of associate bonuses.... more

• Weil Gotshal pays associates bonuses of up to $50k

  Dec 28 2009 Weil Gotshal & Manges, known for its lucrative bankruptcy practice, is paying associates with strong ratings bonuses of between $7,500 and $35,000. Top-performing... more

• US law firms cut bonuses for first-year associates

  Dec 21 2009 Major US law firms including Cravath, Swaine & Moore LLP, Skadden, Arps, Slate, Meagher & Flom LLP and Cleary Gottlieb Steen & Hamilton LLP cut year-end bonuses for... more

• Tyco and Eversheds overhaul relationship and end bonuses

  Nov 06 2009 Tyco has signed up Eversheds for another two-year stint as its sole panel adviser across Europe, the Middle East and Africa (EMEA), with the company scrapping all... more

• Wachtell and Shearman face SEC action after failed Bank of America settlement

  Sep 16 2009 Two of the most prominent US law firms are facing scrutiny after U.S. District Judge Jed S. Rakoff rejected the Securities and Exchange Commission's (SEC) proposed... more

• Former Dresdner Kleinwort traders sue for €34m bonuses

  Sep 09 2009 A group of 72 former Dresdner Kleinwort traders who worked for the investment bank in London until it was sold to Commerzbank, have sued Commerzbank for €34m in... more

• SEC blames Wachtell, Shearman for not disclosing bank bonuses

  Aug 26 2009 The US Securities and Exchange Commission (SEC) is blaming lawyers from Wachtell, Lipton, Rosen & Katz and Shearman & Sterling for Bank of America’s failure to... more

• Recession affecting the legal profession to the tune of 5500 jobs

  Mar 26 2009 As if you needed someone to tell you, the global economic downturn has also been felt in the legal sector. According to the US Bureau of Labor Statistics, the legal... more

• Kennedys to give raises

  Mar 25 2009 Insurance firm Kennedys recently opted to increase salaries, doing away with its bonus scheme. The firm indicated that the change is unrelated to the global economic... more

• Lawyers Compete, Except in Bonuses

  Dec 03 2007 Bonuses on Wall Street are going to be bad this year, except if you work at Goldman Sachs. Or, oddly enough, if you’re an associate at a white-shoe law firm. (Granted,... more