#biglaw

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Are Nonequity Partners Getting A Bum Deal On Compensation?

The compensation structure for nonequity partners in Biglaw lacks transparency and raises concerns about career advancement compared to associates.
#bonuses

Biglaw Firm Springs Retroactive Hours Requirement For Bonuses On Associates

Proskauer's new hours requirement for bonuses was retroactive and undisclosed, leading to withheld compensation for associates.

Big-Time Bonuses For Everyone: The Firms That Are Spreading Their Immense Wealth

Support staff in Biglaw firms seek acknowledgment and fair compensation amidst bonuses for associates.
Transparency in bonus distribution is essential for goodwill among all employees.

Top Biglaw Firm Offers Stacks Of Cash To Associates In Latest Milbank Match

Milbank's new bonus scale is influencing other Biglaw firms to increase their compensation packages for associates.

2 BigLaw firms reject routine special bonuses as several boutiques match or surpass market rate

Boutique law firms are offering bonuses that surpass traditional BigLaw standards, creating a competitive compensation environment.

Top 100 Biglaw Firm Offers Mega Bonuses For Big Billers, On Top Of Market And Special Bonuses

Schulte Roth & Zabel is offering exceptionally high bonuses, with potential total bonuses reaching nearly $200,000 for senior associates in response to market pressures.

BigLaw is taking an 'uneven approach' to bonuses

BigLaw's bonus distribution in 2024 is inconsistent, with many firms delaying announcements and diverging from typical industry standards.

Biglaw Firm Springs Retroactive Hours Requirement For Bonuses On Associates

Proskauer's new hours requirement for bonuses was retroactive and undisclosed, leading to withheld compensation for associates.

Big-Time Bonuses For Everyone: The Firms That Are Spreading Their Immense Wealth

Support staff in Biglaw firms seek acknowledgment and fair compensation amidst bonuses for associates.
Transparency in bonus distribution is essential for goodwill among all employees.

Top Biglaw Firm Offers Stacks Of Cash To Associates In Latest Milbank Match

Milbank's new bonus scale is influencing other Biglaw firms to increase their compensation packages for associates.

2 BigLaw firms reject routine special bonuses as several boutiques match or surpass market rate

Boutique law firms are offering bonuses that surpass traditional BigLaw standards, creating a competitive compensation environment.

Top 100 Biglaw Firm Offers Mega Bonuses For Big Billers, On Top Of Market And Special Bonuses

Schulte Roth & Zabel is offering exceptionally high bonuses, with potential total bonuses reaching nearly $200,000 for senior associates in response to market pressures.

BigLaw is taking an 'uneven approach' to bonuses

BigLaw's bonus distribution in 2024 is inconsistent, with many firms delaying announcements and diverging from typical industry standards.
morebonuses
#law-firms

BREAKING: Milbank Leads The Associate Bonus Race

Milbank has announced year-end bonuses, becoming the first Biglaw firm to do so this year.

Biglaw, Big Changes: Partners With 'Different Leadership Skills' Take The Reins At Top Firms

Law firms are seeking leaders who excel in management and adaptability in the face of rapid industry changes.

Typo More Honest About Sullivan & Cromwell's Hours Than Intended

Sullivan & Cromwell's decision to a five-day work week highlights a clash between tradition and modern flexibility in law firm culture.

Biglaw Firms Budgeting Millions, Using 'Entire Teams' To Secure Top Lateral Partner Talent

Lateral partner recruiting has evolved into a professional function with teams dedicated to securing top talent, requiring strategic and cultural integration.
Biglaw firms are increasingly investing in lateral partner hiring, with budgets exceeding $4 million on average, reflecting its importance for growth.

Partners Know What They're Worth, So Biglaw Better Have Their Money

The ability to offer competitive compensation is crucial for recruiting top legal talent in the Biglaw sector.

Compensation Leader Milbank Becomes 14th U.S. Firm To Shut Down An Office In China

U.S. law firms are significantly reducing their presence in mainland China, highlighting a pivotal shift in legal services in the region.

BREAKING: Milbank Leads The Associate Bonus Race

Milbank has announced year-end bonuses, becoming the first Biglaw firm to do so this year.

Biglaw, Big Changes: Partners With 'Different Leadership Skills' Take The Reins At Top Firms

Law firms are seeking leaders who excel in management and adaptability in the face of rapid industry changes.

Typo More Honest About Sullivan & Cromwell's Hours Than Intended

Sullivan & Cromwell's decision to a five-day work week highlights a clash between tradition and modern flexibility in law firm culture.

Biglaw Firms Budgeting Millions, Using 'Entire Teams' To Secure Top Lateral Partner Talent

Lateral partner recruiting has evolved into a professional function with teams dedicated to securing top talent, requiring strategic and cultural integration.
Biglaw firms are increasingly investing in lateral partner hiring, with budgets exceeding $4 million on average, reflecting its importance for growth.

Partners Know What They're Worth, So Biglaw Better Have Their Money

The ability to offer competitive compensation is crucial for recruiting top legal talent in the Biglaw sector.

Compensation Leader Milbank Becomes 14th U.S. Firm To Shut Down An Office In China

U.S. law firms are significantly reducing their presence in mainland China, highlighting a pivotal shift in legal services in the region.
morelaw-firms
#paul-weiss

Top 25 Biglaw Firm Is The Latest To Shutter An Office In China

Biglaw firms, including Paul Weiss, are exiting China, marking a significant trend in the legal market.

There's No Place Like Your Biglaw Home

Damian Williams rejoins Paul Weiss as a partner, marking his return to the law firm where he started his career.

Top 25 Biglaw Firm Is The Latest To Shutter An Office In China

Biglaw firms, including Paul Weiss, are exiting China, marking a significant trend in the legal market.

There's No Place Like Your Biglaw Home

Damian Williams rejoins Paul Weiss as a partner, marking his return to the law firm where he started his career.
morepaul-weiss
#legal-market

The Associate Tier Is Shrinking At Top Biglaw Firms

The associate tier in Biglaw firms has decreased by 25% over 15 years.

Top 10 Biglaw Firm Delights With Associate Bonus News

White & Case is matching market-standard associate bonuses, highlighting the importance of incentivizing legal talent in a competitive landscape.

The Associate Tier Is Shrinking At Top Biglaw Firms

The associate tier in Biglaw firms has decreased by 25% over 15 years.

Top 10 Biglaw Firm Delights With Associate Bonus News

White & Case is matching market-standard associate bonuses, highlighting the importance of incentivizing legal talent in a competitive landscape.
morelegal-market

Say Hello To The First Biglaw Firm To Close An Office In China In 2025

Fenwick & West is closing its Shanghai office in 2025, part of a broader trend of U.S. law firms exiting China.

Biglaw Firms In California Close Their Offices, Shift To Remote Work Amid Deadly Blazes

Biglaw firms in Southern California are prioritizing employee safety by closing offices and enabling remote work due to the Palisades Fire.

Biglaw Mergers Expected To Continue Apace In 2025, Even As Law Firms Grow 'Pickier'

Current law firm merger activity is primarily offensive, driven by strategic considerations and a strong legal market.
#mergers

New Year, New Merger: Top U.K. Firm Announces Tie-Up With U.S. Firm

Biglaw firms are increasingly merging, particularly between U.K. and U.S. firms, as seen in Clyde & Co's recent expansion into Texas.

Laterals Aren't Loving This Biglaw Firm

The study highlighted significant challenges in lateral partner retention within Biglaw firms over recent years.

New Year, New Merger: Top U.K. Firm Announces Tie-Up With U.S. Firm

Biglaw firms are increasingly merging, particularly between U.K. and U.S. firms, as seen in Clyde & Co's recent expansion into Texas.

Laterals Aren't Loving This Biglaw Firm

The study highlighted significant challenges in lateral partner retention within Biglaw firms over recent years.
moremergers
#associate-compensation

Not Much Love From Hogan Lovells - See Also

Biglaw firms' recent opt-out of special treatment for associates leads to dissatisfaction, with only base bonuses given, sparking discussions on compensation.

Texas-Based Boutique Raining Money On Happy Associates

Yetter Coleman is matching Biglaw bonus scales, proving elite boutiques can offer competitive compensation. Associates are highly pleased with the announcement.

Biglaw Bonus Announcement Leaves No Gray Area

Ropes & Gray is matching Milbank's bonuses, reinforcing its competitive position in the legal market.

Biglaw Firm Announces Associate Raises For The Second Time This Year

Seyfarth Shaw has made recent salary adjustments for junior associates, yet still falls behind in compensation for midlevel and senior associates.

Not Much Love From Hogan Lovells - See Also

Biglaw firms' recent opt-out of special treatment for associates leads to dissatisfaction, with only base bonuses given, sparking discussions on compensation.

Texas-Based Boutique Raining Money On Happy Associates

Yetter Coleman is matching Biglaw bonus scales, proving elite boutiques can offer competitive compensation. Associates are highly pleased with the announcement.

Biglaw Bonus Announcement Leaves No Gray Area

Ropes & Gray is matching Milbank's bonuses, reinforcing its competitive position in the legal market.

Biglaw Firm Announces Associate Raises For The Second Time This Year

Seyfarth Shaw has made recent salary adjustments for junior associates, yet still falls behind in compensation for midlevel and senior associates.
moreassociate-compensation
#associate-bonuses

Hogan Lovells's Bonus Announcement Leaves Disappointed Associates In Its Wake

Hogan Lovells did not match associate bonuses this year, leading to outrage among associates despite the firm's record profits.

It's Officially Bonus Time, But Will Other Firms Finally Offer Associates That Milbank Special Bonus Money - Or Even Bigger Bonuses?

Milbank sets a high bar for associate bonuses this year, with total bonuses reaching up to $140,000.

Hogan Lovells's Bonus Announcement Leaves Disappointed Associates In Its Wake

Hogan Lovells did not match associate bonuses this year, leading to outrage among associates despite the firm's record profits.

It's Officially Bonus Time, But Will Other Firms Finally Offer Associates That Milbank Special Bonus Money - Or Even Bigger Bonuses?

Milbank sets a high bar for associate bonuses this year, with total bonuses reaching up to $140,000.
moreassociate-bonuses

Top 10 Biglaw Firm Promotes Largest Combined Class Of Partners And Counsel Ever

Sidley has elected and promoted its largest group of 65 lawyers in its history, marking a significant moment for the firm.

The Biglaw Firm Bringing Private Equity To Football

The Miami Dolphins are the first NFL team to sell a stake to a private equity firm following new NFL regulations.
#legal-industry

Prominent Law Firm Now Offering $150K Signing Bonus For Federal Clerks

Federal clerkships can lead to lucrative opportunities in Biglaw, with signing bonuses exceeding $150,000.

Good Luck Trying To Get A Remote Biglaw Job - See Also

The landscape of legal employment is shifting, with firms reconsidering remote work and recruitment strategies post-pandemic.

Biglaw Merger Alert: This Transatlantic Tie-Up Will Create A $2B Megafirm

The merger between Herbert Smith Freehills and Kramer Levin Naftalis & Frankel creates a significant transatlantic legal firm combining growth, strength, and international reach.

Top 10 Biglaw Firm Gets On Board With Year-End And Special Bonuses

Sidley Austin announces top-of-market bonuses for associates following strong financial performance.
Associates exceeding billable hour targets can earn significantly higher bonuses up to 50% more.
Partial bonuses may be granted to associates who do not meet the 2,000 hour threshold.

Biglaw Lateral Partner Compensation Guarantees Are All The Rage Again

Multi-year guarantees for lateral partners are resurging in Biglaw due to competitive market demands.

Boutique Firm Makes It Rain Biglaw Bonus Bucks On Associates

Boutique firms are competitive with Biglaw in compensation.
Glenn Agre offers significant bonuses and premium rewards.
December bonuses will enhance associates' earnings.

Prominent Law Firm Now Offering $150K Signing Bonus For Federal Clerks

Federal clerkships can lead to lucrative opportunities in Biglaw, with signing bonuses exceeding $150,000.

Good Luck Trying To Get A Remote Biglaw Job - See Also

The landscape of legal employment is shifting, with firms reconsidering remote work and recruitment strategies post-pandemic.

Biglaw Merger Alert: This Transatlantic Tie-Up Will Create A $2B Megafirm

The merger between Herbert Smith Freehills and Kramer Levin Naftalis & Frankel creates a significant transatlantic legal firm combining growth, strength, and international reach.

Top 10 Biglaw Firm Gets On Board With Year-End And Special Bonuses

Sidley Austin announces top-of-market bonuses for associates following strong financial performance.
Associates exceeding billable hour targets can earn significantly higher bonuses up to 50% more.
Partial bonuses may be granted to associates who do not meet the 2,000 hour threshold.

Biglaw Lateral Partner Compensation Guarantees Are All The Rage Again

Multi-year guarantees for lateral partners are resurging in Biglaw due to competitive market demands.

Boutique Firm Makes It Rain Biglaw Bonus Bucks On Associates

Boutique firms are competitive with Biglaw in compensation.
Glenn Agre offers significant bonuses and premium rewards.
December bonuses will enhance associates' earnings.
morelegal-industry

Biglaw Signing Bonuses May Be Back In Action Come 2025

There's a cautious optimism about the return of sign-on bonuses in corporate hiring, but not to the levels seen in 2021.

Should We Be Expecting A 'Wave' Of Biglaw Partner De-Equitizations In 2025?

The trend of partner pay cuts and de-equitization in Biglaw is expected to continue as firms seek to maintain profit margins.

Biglaw Hiring Is On Fire In The Southeast

Southeast firms are cautiously optimistic as they grow their incoming class of first-year associates.
#law-firm-bonuses

Brand New Megafirm Makes Its Very First Bonus Announcement

A&O Shearman is matching Milbank's bonus scale, reflecting its commitment to attract and retain talent in the competitive legal market.

Top 20 Biglaw Firm Announces Associate Bonuses - It's A Match!

Norton Rose Fulbright is matching Milbank's bonuses, offering special bonuses for associates billing 1900 hours, resulting in hefty cash increases.

Brand New Megafirm Makes Its Very First Bonus Announcement

A&O Shearman is matching Milbank's bonus scale, reflecting its commitment to attract and retain talent in the competitive legal market.

Top 20 Biglaw Firm Announces Associate Bonuses - It's A Match!

Norton Rose Fulbright is matching Milbank's bonuses, offering special bonuses for associates billing 1900 hours, resulting in hefty cash increases.
morelaw-firm-bonuses

Do These Practice Areas Boost Your Chances Of Making Partner?

The 2024 Biglaw partnership class saw a 4% overall decrease in new partners, reflecting current market dynamics.

Above The Law's 16th Annual Holiday Card Contest

Above the Law's annual holiday card contest begins today, exclusively accepting e-cards only.

Looking Ahead: How To Achieve Success In A Biglaw Firm's Family Law Practice

Family law in Biglaw offers a chance to make impactful differences in clients' lives during significant and sensitive times.

Biglaw Firm Comes Out Strong For Women's Sports

A prominent Biglaw firm is demonstrating its commitment to women in sports by sponsoring LPGA player Rachel Kuehn for the upcoming season.

Biglaw Firm Turns Into A Hotbed Of Finger Pointing When Associates Read Internal Emails Not Meant For Their Eyes

Confidential document access issues at Norton Rose Fulbright led to management's immediate response and a call for disclosure from implicated associates.

Biglaw's Congressional Investigations Practices Expected To Be On Fire Under Trump 2.0

Expect a significant rise in congressional investigations across all industries starting in 2025, regardless of prior controversies.
from Above the Law
2 months ago

Biglaw Firms Draw Protesters Over Their Work Driving Climate Change

Biglaw firms are deeply involved in fossil fuel activities, facing protests and criticism for their roles as enablers of climate destruction.
#legal-services

Revenue Is Going Up, Up, Up At The Biggest Biglaw Firms

Biglaw is experiencing record revenue growth in 2024, with significant gains for the largest firms.

The Biglaw Firms With The Highest Hourly Rates (2024)

Biglaw firms are enjoying substantial profits through high hourly rates, with corporate clients willing to pay for quality work.

Revenue Is Going Up, Up, Up At The Biggest Biglaw Firms

Biglaw is experiencing record revenue growth in 2024, with significant gains for the largest firms.

The Biglaw Firms With The Highest Hourly Rates (2024)

Biglaw firms are enjoying substantial profits through high hourly rates, with corporate clients willing to pay for quality work.
morelegal-services

Cravath Announces Its New Partnership Class - And That Means A Bonus Announcement Is Next!

Cravath promoted seven attorneys to partnership, nearly doubling last year's numbers and reflecting a strong focus on corporate practice.

Biglaw Partner Drops Slur In Dustup With Neighbors

Good neighborly relations are crucial, both personally and professionally, and aggressive attitudes can lead to serious reputational damage.

Morning Docket: 11.07.24

Biglaw anticipates a Trump administration will bolster business, despite concerns over economic policies.

Fewer Biglaw Firms Are Offering Paid Time Off To Encourage Voting, Volunteering During Election 2024

Biglaw firms are significantly less supportive of voting access in 2024 compared to 2020, with only one firm confirming a paid day off.
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