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Search results for tag "Remuneration"

• 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

• Dewey & LeBoeuf ousts former chairman, while merger negotiations fail

  Apr 30 2012 Troubled US law firm Dewey & LeBoeuf has dumped former chairman Steven H. Davis, who is under criminal investigation for alleged financial improprieties.... 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

• 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

• 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

• 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

• Lawyers traverse Silicon Valley's lively lateral market

  Feb 29 2012 Here is an interesting article about the very lively lateral market in Silicon Valley. Shifting between law firms can be very lucrative, with plenty of firms seeking... 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

• Profit at SNR Denton drops from £37.9m to £22.5m

  Feb 08 2012 The profit pool at SNR Denton dropped from £37.9 million to £22.5 million in 2010-11. Turnover in the same period fell from £166.1 million to £152.5 million. The firm... more

• Olswang's profits down, Charles Russell's profits up

  Jan 30 2012 Olswang’s limited liability partnership accounts show that the firm’s profits fell from £31.6m in 2009-10 to £29.3m last year. The firm’s highest paid member took... 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

• 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

• Reed Smith loses three partners in Hong Kong

  Dec 21 2011 Reed Smith has lost three partners from its Hong Kong office. The trio of partners - litigation veteran and former senior partner Chris Howse along with partners Kevin... 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

• 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

• 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

• 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

• Norton Rose overhauls lockstep system

  Sep 30 2011 Norton Rose has announced an overhaul of its remuneration system, modifying the lockstep to take greater account of merit. The lockstep system currently runs from... more

• Berwin Leighton Paisner bumps up performance component of pay

  Aug 24 2011 Berwin Leighton Paisner has announced changes to the way that it remunerates equity partners, putting greater emphasis on performance when distributing the firm’s... more

• 12 year pay freeze for New York judges

  Jul 05 2011 Here is an interesting article about the remuneration of judges in New York, where the bench hasn’t seen a pay rise in 12 years. According to the article, judges have... 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

• Linklaters to give German partners the same remuneration as EU partners

  Nov 16 2010 Linklaters has announced that it plans to move its German partners to the same remuneration package as their UK counterparts after next year’s pay review. The move is... more