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Search results for tag "Compensation"

• Dewey & LeBouef's leaders explain the firm's collapse

  May 18 2012 This article gives an account of an interview in DealBook with Martin Bienenstock and L. Charles Landgraf, both of whom served as the ‘office of the Chairman’ at Dewey... more

• NY firm pays $574,000 in compensation for age-discrimination

  May 17 2012 New York law firm Kelley Drye & Warren has agreed to pay $574,000 in compensation to former equity partner Eugene T D’Ablemont, who was forced to give up his equity in... more

• NY firm pays $574,000 in compensation for age-discrimination

  May 17 2012 New York law firm Kelley Drye & Warren has agreed to pay $574,000 in compensation to former equity partner Eugene T D’Ablemont, who was forced to give up his equity in... more

• Departing Dewey partner claims $61m from firm

  May 15 2012 As the partnership of Dewey & Lebouef’s partnership scatters across the legal services market, one senior partner has made an audacious claim against the firm,... more

• Jones Day announces pay rise for trainees, while Links raises all pay levels

  May 04 2012 Jones Day has announced a pay rise for trainees in its London office, increasing the starting salary from £39,000 to £41,000, with pay to be reviewed every year in... more

• Speculation on spring bonuses after S&C's 'anaemic' award

  May 01 2012 Speculation about the timing and amount of spring bonuses continues, after Sullivan & Cromwell’s announced relatively small bonus awards of between $1000 and $5000, or... more

• 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

• Allen & Overy grants minor pay rise to junior associates

  Apr 25 2012 Allen & Overy has granted a minor pay rise to junior associates, with a £500 raise for newly qualified, 1 PQE and 2 PQE lawyers (to £61.5k, £68.5k and £74.5k... more

• US Law firms stealing limelight from UK rivals in Hong Kong

  Apr 13 2012 Over the past two years, numerous US law firms have entered the market in Hong Kong and recruited top talent from their UK rivals, and now they are starting to see... more

• Rumour says A&O considering pay rise for associates and trainees

  Apr 06 2012 Rumour has it that Allen & Overy is considering a substantial pay rise for lawyers. The firm is apparently in the midst of discussions on the pay issue, which should... more

• Dewey & LeBoeuf shakes up management team in response to stream of departures

  Mar 28 2012 Dewey & LeBoeuf is changing its leadership strategy, with a plan to appoint London partner Stephen Horvath to a new role of executive partner. The plan proposes... more

• Debate over minimum wage for trainees in the UK

  Mar 27 2012 Debate rages over whether to abolish the national minimum salary for trainee solicitors in the UK. The Solicitors Regulation Authority is currently consulting on the... more

• Sullivan & Cromwell takes heat for silence on spring bonuses

  Mar 22 2012 Sullivan & Cromwell lawyers are waiting for an announcement from the firm on the issue of spring bonuses, having been promised in December of 2011 that bonuses would... more

• 12 partners depart troubled NY firm Dewey & LeBoeuf

  Mar 19 2012 Twelve insurance law partners from Dewey & LeBoeuf resigned on Friday of last week. The group is headed to Willkie Farr & Gallagher, bringing the total number of... more

• Law firm pension plans - a drain on profits?

  Mar 07 2012 Interesting article here about the pension plans offered by major law firms. The most generous plan in the survey is at Simpson Thacher & Bartlett, which promises... 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

• US firms in Hong Kong attract top talent with big money

  Feb 08 2012 The legal services market in Hong Kong has long been dominated by British firms, but US law firms are now a potent force, attracting top talent by offer larger... 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

• 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

• DLA Piper to vote on giving all partners equity status

  Jan 26 2012 DLA Piper is set to vote on a measure that would move all salaried partners to equity status. The firm currently has three classes of partner - junior salaried,... 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

• Kirkland & Ellis increases pay for all associates in London

  Jan 13 2012 Kirkland & Ellis has increased the salaries of all associates in London, with newly qualified lawyers now £7000 better off on £97,000. The increases put the firm... more

• Hogan Lovells moves toward merit-based system across the board

  Dec 03 2011 Transatlantic firm Hogan Lovells is preparing for a full review of partner compensation as it moves toward integrating the pay structures of the merged firms Lovells... 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

• Law Offices of Gary M. Kazin Settles Workers' Compensation Case for $750,000

  Nov 23 2011 The Law Offices of Gary M. Kazin has obtained a $750,000 settlement on behalf of a Georgia foreman in a work-related injury case. Attorney Gary M. Kazin represented... 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

• Does secrecy on partner compensation really encourage a 'culture of collegiality'?

  Nov 15 2011 A list of the best workplaces to work in Chicago has included two law firms: Sidley Austin and Perkins Coie. The list was published by The Chicago Tribune, and was... more

• Survey shows salary against cost of living in US cities

  Oct 29 2011 A new survey by the National Association for Law Placement has indexed median private practice salaries against the cost of living in 70 US cities to determine where... more

• Robert Half Legal compares US and Canadian salary statistics

  Oct 25 2011 Legal placement firm Robert Half Legal has released its annual Salary Guide, which tracks trends in legal compensation and hiring in the US and Canada. The survey... more

• News Corp parts with Farrer & Co and takes up with Olswang for Hacking suits

  Oct 18 2011 The Guardian reports that News Corporation has parted ways with Farrer & Co – the law firm that defended the company in lawsuits initiated by more than 60 victims of... more

• Associate satisfaction survey shows firms can't buy loyalty

  Sep 06 2011 The American Lawyer has released the results of its annual associate satisfaction survey, which showed that associates billed more hours last year in comparison to... more

• New York judges haven't seen a pay rise in 12 years

  Aug 04 2011 Here is a very interesting piece from NPR about pay levels for New York state judges. Remuneration for the New York bench has remained static for the past 12 years,... more

• Ashurst launches flexible working arrangements for equity partners

  Aug 03 2011 Ashurst has initiated a new flexible working scheme for equity partners. The scheme will allow equity partners to work part-time and be paid on a pro-rata basis... 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

• Herbert Smith freezes salary bands

  May 30 2011 Herbert Smith has frozen salary bands for associates, following the trend set Allen & Overy and Linklaters. Pay at the firm is set to stay at £38,000 for... more

• UK firm Cobbetts cuts NQ pay by almost 20% in 3 years

  May 30 2011 Mid tier UK firm Cobbetts has reduced pay to newly qualified solicitors by nearly 20 per cent over the last three years. In 2008, newly qualified solicitors in the... more

• Freshfields gives UK associates a pay rise

  May 24 2011 Freshfields Bruckhaus Deringer has announced pay rises for all associates, taking the firm to the very top of the Magic Circle in terms of compensation. Associates... more

• Merit-based pay does not seem to have caught on

  May 23 2011 Here is an interesting article about associate compensation. The article asks why merit-based compensation hasn’t caught on as a trend after a number of firms –... 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

• Allen & Overy and Linklaters freeze salaries

  May 13 2011 Allen & Overy and Linklaters have frozen salaries for associates. This means that lawyers will progress to the next salary band according to the lockstep system, but... more

• SJ Berwin moves to merit-based pay

  Apr 27 2011 SJ Berwin has announced that it is abandoning the associate lockstep model in favor of a merit-based compensation system. Under the new scheme, associates will move... more

• Texas-based Vinson & Elkins to pay spring bonuses

  Apr 21 2011 Texas based firm Vinson & Elkins, has announced that it will pay spring bonuses. The announced bonuses are below the scale set by Cravath Swaine & Moore: • Class of... more

• Criminal law barristers under pressure in the UK

  Apr 21 2011 Interesting article here from the Guardian, which takes a look at compensation for criminal barristers. The article points out that only a tiny proportion of... more

• Mayer Brown to pay spring bonuses to US associates

  Apr 18 2011 Mayer Brown has jumped on the spring bonus bandwagon with the announcement that it will pay US-based associates according to the scale set by Cravath Swaine & Moore.... more

• Philadelphia-based firm Dechert announces spring bonuses

  Apr 13 2011 International firm Dechert has announced the award of spring bonuses to associates and counsel. The firm will pay qualifying associates in May, according to the... 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

• Ashurst increases the number of partners at the top of its lockstep system

  Mar 30 2011 Ashurst has reordered its partnership, more than doubling the number of partners at the top of its lockstep. The decision to increase the size of the top level group... 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

• CMS Cameron McKenna asks four partners to leave

  Feb 10 2011 Four partners at CMS Cameron McKenna have been asked to leave, and several additional partners have been moved down the firm’s equity ladder as result of a... more

• Pay gap widens at large firms

  Feb 09 2011 Interesting article here about the increasing compensation gap at some large law firms – where star attorneys can be earning up to 10 times the amount paid to other... more

• DLA Piper hires star litigator in Washington DC

  Feb 08 2011 DLA Piper has hired star Washington D.C. litigator Jamie Wareham from Paul Hastings. Wareham was formerly the global chair of litigation at Paul Hastings, and with his... more

• Compensation survey of law firm partners shows majority is 'somewhat satisfied'

  Jan 11 2011 Recruiting firm Major, Lindsey & Africa has conducted a compensation satisfaction survey of law firm partners. Of the 1,873 partners that responded to the survey,... 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

• When Should I Report My Workers’ Compensation Injury?

  Dec 13 2010 Georgia law provides that injured workers have 30 days to give notice of a work related injury. However, in my experience, the sooner an injured worker reports an... 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

• Bakers to pay $6.65m compensation to Coudert Brothers estate

  Aug 03 2010 Baker & McKenzie has agreed to pay $6.65m to compensate the bankruptcy estate of Coudert Brothers for profits Bakers earned from unfinished business that partners took... more

• Some Baker Botts Associates Could See Pay Cuts in New Merit-Based Pay System

  Aug 02 2010 Some Baker Botts associates could see pay cuts after year-end reviews under a new merit-based compensation system that takes effect on Jan. 1. Maria Boyce,... more

• Medical Records in a Workers Compensation Claim

  Jul 12 2010 Your medical records play an important role in ensuring you are properly compensated for your injury. When you file a workers’ compensation claim in Atlanta, your... more

• Atlanta Overtime Law

  Mar 17 2010 At Billips & Benjamin, LLP, we deal with people every day who are outraged and discouraged by the lack of enforcement of overtime law in Atlanta. We help hard-working... more

• McDermott Will & Emery to cut associate salaries

  Jan 13 2010 McDermott Will & Emery is moving to a three tiered merit based compensation system, beginning in 2011. Associates on the bottom tier will have a base salary of... more

• DLA Piper abandons associate lockstep

  Dec 10 2009 DLA Piper will adopt a new associate compensation model that replaces lockstep compensation with a performance-based system. According to the plan, firm managers... more

• Lovells to abandon lockstep pay for Hogan & Hartson merger?

  Oct 12 2009 UK firm Lovells is secretly planning to abandon its lockstep in a bid to push through the planned merger with US firm Hogan & Hartson, reports The Lawyer. The fact... more

• Linklaters to fork out £50m to leavers

  May 18 2009 Linklaters will have to pay up to £50m in compensation to departing partners, as new details emerge of the cost of the firm’s New World restructure. The firm is... more

• Effect of Social Networking on your Injury Claim

  May 04 2009 If you are injured and seeking compensation then you have to aware of various issues involved in the compensation claim process. There are several instances where... more

• Dewey & LeBoeuf revises compensation system, cutting pay

  Mar 17 2009 Dewey & LeBoeuf LLP will be drastically reducing the compensation provided to 50-60 partners by varying amounts, often more than 75%. The cuts come as part of an... more

• Dewey & LeBoeuf cuts pay of 66 partners by 80 percent

  Mar 15 2009 Dewey & LeBoeuf has cut pay for 66 partners by as much as 80 percent over the past 15 months, reports the Am Law Daily. Lower-tier partners have saw drastic... more

• Asian banker awarded £2.8million in discrimination claim against Abbey

  Oct 24 2008 An Asian banker has been awarded a record £2.8 million in compensation. Balbinder Chagger, 40, successfully claimed race discrimination against Abbey. His compensation... more

• Lawyer Gill Switalski ‘faked nervous breakdown to claim £19m’

  Jun 18 2008 A City lawyer who is demanding £19 million in compensation for work-place bullying faked a nervous breakdown to secure a larger payout, an employment tribunal was... more

• Simpson Thacher hires Akin partner Tristan Brown

  Jun 14 2008 Simpson Thacher & Bartlett has ramped up its executive compensation capabilities, snaring a partner from Akin Gump Strauss Hauer & Feld. Tristan Brown will join the... more