#biglaw

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#bonuses

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.

Biglaw Associates Are Billing Hours In Bulk, Hoping For Special Bonuses On Top Of Regular Bonuses

Associates in Biglaw express optimism for higher year-end bonuses in 2024 compared to previous years, despite a challenging economic climate.

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.

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.

Not Just A 'One Off' Anymore: Biglaw Firms Are Finally Matching Milbank's Special Summer Bonuses

Special summer bonuses in Biglaw have led to uncertainty about year-end compensation among associates.
The market's silence on matching bonuses raised questions about future compensation trends.

Elite Boutique Drops Big Bucks On Associates With Milbank Bonus Match

Holwell Shuster & Goldberg matches Biglaw bonuses, attracting top talent with competitive compensation and valuable trial experience.

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.

Biglaw Associates Are Billing Hours In Bulk, Hoping For Special Bonuses On Top Of Regular Bonuses

Associates in Biglaw express optimism for higher year-end bonuses in 2024 compared to previous years, despite a challenging economic climate.

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.

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.

Not Just A 'One Off' Anymore: Biglaw Firms Are Finally Matching Milbank's Special Summer Bonuses

Special summer bonuses in Biglaw have led to uncertainty about year-end compensation among associates.
The market's silence on matching bonuses raised questions about future compensation trends.

Elite Boutique Drops Big Bucks On Associates With Milbank Bonus Match

Holwell Shuster & Goldberg matches Biglaw bonuses, attracting top talent with competitive compensation and valuable trial experience.
morebonuses
#ao-shearman

Newly Merged Biglaw Megafirm Moves To All-Equity Partnership Model, Adopts New Partner Pay System

A&O Shearman is uniquely adopting an all-equity partnership model amid a trend toward non-equity partnerships in the Biglaw sector.

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.

Newly Merged Biglaw Megafirm Moves To All-Equity Partnership Model, Adopts New Partner Pay System

A&O Shearman is uniquely adopting an all-equity partnership model amid a trend toward non-equity partnerships in the Biglaw sector.

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.
moreao-shearman
#associate-bonuses

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.

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.

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.

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.

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.

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.
moreassociate-bonuses

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.
#legal-industry

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.

More Biglaw Merger Mania As Am Law 100 Firm Looks To Expand In The Pacific Northwest

Ballard Spahr is merging with Lane Powell, significantly expanding their presence and revenue in the Pacific Northwest.

Biglaw Partners Can, Will Make Associates Do Whatever They Want: Industry Expert

Biglaw partners impose strict in-office requirements, reflecting a demanding environment for associates willing to comply for career advancement.

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.

Morning Docket: 07.30.24

State supreme courts face a widening pay gap with private sector, affecting talent acquisition.

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.

More Biglaw Merger Mania As Am Law 100 Firm Looks To Expand In The Pacific Northwest

Ballard Spahr is merging with Lane Powell, significantly expanding their presence and revenue in the Pacific Northwest.

Biglaw Partners Can, Will Make Associates Do Whatever They Want: Industry Expert

Biglaw partners impose strict in-office requirements, reflecting a demanding environment for associates willing to comply for career advancement.

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.

Morning Docket: 07.30.24

State supreme courts face a widening pay gap with private sector, affecting talent acquisition.
morelegal-industry

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.
#legal-ethics

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.

Morning Docket: 10.21.24

A former Biglaw partner's imprisonment underscores serious ethical issues in the legal profession.
FTC's merger rules reveal internal struggles within the agency over regulatory strategies.

Morning Docket: 09.13.24

Unexpected challenges can occur even in prestigious settings like Biglaw firms.
Corporate transparency regarding ESG claims is increasingly under scrutiny following SEC changes.
Legal debates around Roe v. Wade continue to reveal complexities and personal sentiments of the justices.

Morning Docket: 09.04.24

Biglaw firms are using remote work as a marketing strategy to attract eco-conscious clients.

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.

Morning Docket: 10.21.24

A former Biglaw partner's imprisonment underscores serious ethical issues in the legal profession.
FTC's merger rules reveal internal struggles within the agency over regulatory strategies.

Morning Docket: 09.13.24

Unexpected challenges can occur even in prestigious settings like Biglaw firms.
Corporate transparency regarding ESG claims is increasingly under scrutiny following SEC changes.
Legal debates around Roe v. Wade continue to reveal complexities and personal sentiments of the justices.

Morning Docket: 09.04.24

Biglaw firms are using remote work as a marketing strategy to attract eco-conscious clients.
morelegal-ethics

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 weeks 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.

Another BigLaw firm announces merger-third in week's time

The merger of Womble Bond Dickinson and Lewis Roca will create a large law firm with over 1,300 lawyers and significant geographical reach.

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.

Biglaw Firm's New Program: Work From Home... Save The World

Biglaw firms can leverage hybrid work models to enhance productivity and sustainability efforts, aligning legal services with environmental goals.

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.

Another BigLaw firm announces merger-third in week's time

The merger of Womble Bond Dickinson and Lewis Roca will create a large law firm with over 1,300 lawyers and significant geographical reach.

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.

Biglaw Firm's New Program: Work From Home... Save The World

Biglaw firms can leverage hybrid work models to enhance productivity and sustainability efforts, aligning legal services with environmental goals.
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.
#law-firms

Biglaw Firms May Not Be Ready To Offer The Mental Health Accommodations Young Lawyers Want

Law firms face increasing demands from younger attorneys for mental health accommodations and work-life balance.

BREAKING: Milbank Leads The Associate Bonus Race

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

Top Biglaw Firm Leaves China Behind As It Closes Its Beijing Office

WilmerHale is closing its Beijing office, becoming the latest U.S. firm to exit the Chinese market amidst ongoing challenges.

Working Remotely As A Biglaw Associate Is Sadly A Thing Of The Past

The trend of remote work in Biglaw is waning, emphasizing a return to in-office presence for training and mentorship.

The 100 Largest Law Firms In New York (2023)

Size matters in Biglaw, evident from the increase in headcounts at the top 100 New York law firms in 2023.

Boutique Firm Beats Cravath Scale, Showering Associates With Eye-Popping Salaries Of Up To $475K

Boutique law firms like Gjerset & Lorenz are offering salaries exceeding Biglaw compensation, reflecting the high quality of work and client dedication.

Biglaw Firms May Not Be Ready To Offer The Mental Health Accommodations Young Lawyers Want

Law firms face increasing demands from younger attorneys for mental health accommodations and work-life balance.

BREAKING: Milbank Leads The Associate Bonus Race

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

Top Biglaw Firm Leaves China Behind As It Closes Its Beijing Office

WilmerHale is closing its Beijing office, becoming the latest U.S. firm to exit the Chinese market amidst ongoing challenges.

Working Remotely As A Biglaw Associate Is Sadly A Thing Of The Past

The trend of remote work in Biglaw is waning, emphasizing a return to in-office presence for training and mentorship.

The 100 Largest Law Firms In New York (2023)

Size matters in Biglaw, evident from the increase in headcounts at the top 100 New York law firms in 2023.

Boutique Firm Beats Cravath Scale, Showering Associates With Eye-Popping Salaries Of Up To $475K

Boutique law firms like Gjerset & Lorenz are offering salaries exceeding Biglaw compensation, reflecting the high quality of work and client dedication.
morelaw-firms

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.
#legal-issues

Ex-Biglaw Partner Sentenced To Time Behind Bars After Pleading Guilty To Tax Crimes

Eric Lenzen's extravagant lifestyle led to a 16-month prison sentence for significant tax evasion while serving as a partner at prominent law firms.

Morning Docket: 11.07.24

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

Ex-Biglaw Partner Sentenced To Time Behind Bars After Pleading Guilty To Tax Crimes

Eric Lenzen's extravagant lifestyle led to a 16-month prison sentence for significant tax evasion while serving as a partner at prominent law firms.

Morning Docket: 11.07.24

Biglaw anticipates a Trump administration will bolster business, despite concerns over economic policies.
morelegal-issues
#voting

This Firm Wants Its Employees To VOTE! - See Also

Biglaw firm provides paid time off for employees to vote, highlighting commitment to civic duties and social responsibility.

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.

This Firm Wants Its Employees To VOTE! - See Also

Biglaw firm provides paid time off for employees to vote, highlighting commitment to civic duties and social responsibility.

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.
morevoting

Morning Docket: 11.04.24

The Second Circuit ruled that Ed Sheeran's "Thinking Out Loud" is distinct from Marvin Gaye's "Let's Get It On," reaffirming artistic individuality.
#legal-market

Morning Docket: 10.17.24

Legal representation in the market is still severely lacking in diversity and integrity.
Biglaw firms are under pressure to reconsider pricing models due to stagnant billables.

Biglaw Firm Dropping $20 Million On Splashy New Office

Biglaw firm invests $20 million in a luxury office in Houston, indicating rapid growth plans.

Morning Docket: 10.17.24

Legal representation in the market is still severely lacking in diversity and integrity.
Biglaw firms are under pressure to reconsider pricing models due to stagnant billables.

Biglaw Firm Dropping $20 Million On Splashy New Office

Biglaw firm invests $20 million in a luxury office in Houston, indicating rapid growth plans.
morelegal-market
#partner-compensation

Average BigLaw partner compensation increased 26% in 2 years, reaching this high-water mark

Compensation for BigLaw partners rose to $1.4 million, a 26% increase since 2022, marking a historic high.
High compensation growth is influenced by rising partner originations and billing rates, despite flat billable hours.
Disparities exist in compensation based on gender and ethnicity within partner structures.

The New Partner Payday Gold Standard: $20 Million

$20 million becoming common in Biglaw due to top talent retention and competition.

Average BigLaw partner compensation increased 26% in 2 years, reaching this high-water mark

Compensation for BigLaw partners rose to $1.4 million, a 26% increase since 2022, marking a historic high.
High compensation growth is influenced by rising partner originations and billing rates, despite flat billable hours.
Disparities exist in compensation based on gender and ethnicity within partner structures.

The New Partner Payday Gold Standard: $20 Million

$20 million becoming common in Biglaw due to top talent retention and competition.
morepartner-compensation
#partnership-structure

Biglaw Firm Revamps Its Lockstep Partner Comp System To Offer Huge Paydays To Top Talent

Biglaw firms are reevaluating partnership structures to attract and retain talent.

Top 50 Biglaw Firm Creates Nonequity Partnership Tier To Create More 'Promotion And Development' Opportunities For Attorney Talent

Biglaw firms are increasingly adopting two-tier partnership models, reflecting a shift towards innovation in talent management.

Top 50 Biglaw Firm Creates Nonequity Partnership Tier To 'Attract, Promote, And Retain' Talent

Biglaw firms are increasingly adopting nonequity partner tiers to enhance flexibility in talent management amid competitive recruitment challenges.

Biglaw Firm Revamps Its Lockstep Partner Comp System To Offer Huge Paydays To Top Talent

Biglaw firms are reevaluating partnership structures to attract and retain talent.

Top 50 Biglaw Firm Creates Nonequity Partnership Tier To Create More 'Promotion And Development' Opportunities For Attorney Talent

Biglaw firms are increasingly adopting two-tier partnership models, reflecting a shift towards innovation in talent management.

Top 50 Biglaw Firm Creates Nonequity Partnership Tier To 'Attract, Promote, And Retain' Talent

Biglaw firms are increasingly adopting nonequity partner tiers to enhance flexibility in talent management amid competitive recruitment challenges.
morepartnership-structure

Federal Judges Lays Into Biglaw Attorneys For Running Up Legal Bills

Judge Talwani criticized law firms for over-litigating and increasing legal fees in a complex case involving Advent International and Servicios Funerarios GG.
#china

Top 5 Biglaw Firm Closes An Office, Conducts Layoffs Across China

Skadden is closing its Shanghai office due to market conditions, shifting its focus while maintaining other offices in the region.

Top 50 Biglaw Firm Closes Its Second Office In China

Perkins Coie is closing its Beijing office, marking a significant trend of Biglaw firms exiting China to focus on key technology hubs.

Top 5 Biglaw Firm Closes An Office, Conducts Layoffs Across China

Skadden is closing its Shanghai office due to market conditions, shifting its focus while maintaining other offices in the region.

Top 50 Biglaw Firm Closes Its Second Office In China

Perkins Coie is closing its Beijing office, marking a significant trend of Biglaw firms exiting China to focus on key technology hubs.
morechina
#lateral-moves

Stat(s) Of The Week: That's What I Want

Money is the primary motivator for lawyers considering lateral moves or staying at their current firms.

Calling All Biglaw Associates: 2024 Bonus Season Awaits

Biglaw associates are torn between work demands and potential lateral moves while waiting for bonus news.

Stat(s) Of The Week: That's What I Want

Money is the primary motivator for lawyers considering lateral moves or staying at their current firms.

Calling All Biglaw Associates: 2024 Bonus Season Awaits

Biglaw associates are torn between work demands and potential lateral moves while waiting for bonus news.
morelateral-moves
#diversity

Top Biglaw Firm Announces Its First Female Firmwide Managing Partner In History

Davis Wright Tremaine appoints Jaime Drozd as its new firmwide managing partner, marking a significant advancement for women in Biglaw.

The Equity Partnership At This Biglaw Firm Has More Women Than Most

A Biglaw firm has 38% women equity partners, surpassing the national average of 26%.

Former Skadden Associates Star In 'Side Hustlers,' Showcasing Their New Cookie Business, Brune Kitchen

Former Biglaw attorneys turned cookie entrepreneurs embrace diversity and inclusivity through their brand, Brune Kitchen, while navigating the challenges of establishing a startup.

Top Biglaw Firm Announces Its First Female Firmwide Managing Partner In History

Davis Wright Tremaine appoints Jaime Drozd as its new firmwide managing partner, marking a significant advancement for women in Biglaw.

The Equity Partnership At This Biglaw Firm Has More Women Than Most

A Biglaw firm has 38% women equity partners, surpassing the national average of 26%.

Former Skadden Associates Star In 'Side Hustlers,' Showcasing Their New Cookie Business, Brune Kitchen

Former Biglaw attorneys turned cookie entrepreneurs embrace diversity and inclusivity through their brand, Brune Kitchen, while navigating the challenges of establishing a startup.
morediversity

Man gets prison time for attorney-fraud scheme that targeted some BigLaw firms

A North Carolina man was sentenced to prison and ordered to pay $22.5 million in restitution for a fraudulent scheme targeting lawyers.

Promising Young Biglaw Associate Dies After Crossing Finish Line At Disney Half Marathon

A Georgetown Law graduate and Biglaw associate, Bobby Graves passed away after finishing the Disneyland Halloween Half Marathon amidst a severe heatwave.
#legal-profession

Biglaw Senior Partner Advises AGAINST Sending Emails On Weekends

Biglaw is evolving towards a healthier work culture, emphasizing respect for personal time by advising against weekend emails.

Biglaw: Surprisingly 'Not Full Of Jackasses'

Biglaw associates often find their experiences differ from the negative stereotypes they heard in law school.

Biglaw Senior Partner Advises AGAINST Sending Emails On Weekends

Biglaw is evolving towards a healthier work culture, emphasizing respect for personal time by advising against weekend emails.

Biglaw: Surprisingly 'Not Full Of Jackasses'

Biglaw associates often find their experiences differ from the negative stereotypes they heard in law school.
morelegal-profession

Doug Emhoff Describes Single Greatest Client Interaction

Doug Emhoff skillfully balances tough client conversations with maintaining positive relationships.

'Lawyers For Harris' Fundraiser Set For September, With Tickets Going For Up To $10K

Lawyers are significantly supporting Kamala Harris's presidential campaign, hosting high-priced fundraising events.

BREAKING: Milbank Wows Associates With Summer Bonuses Up To $25,000!

Milbank announced special summer bonuses for all associates globally, ranging from $6,000 to $25,000.

Biglaw Still Doesn't Get It

Flexible work arrangements are crucial for higher retention and job satisfaction, but many Biglaw firms are reverting to old habits by insisting on physical presence.

Who's Ready For Some Biglaw Summer Bonuses?

Summer bonuses in Biglaw are not guaranteed but can spark hope and excitement when firms have a good financial year.

Morning Docket: 05.28.24

Expanding non-equity partner ranks can pose risks in Biglaw M&A.

Biglaw Associate Writes Taylor Swift-Inspired 'Choose Your Own Adventure' Departure Memo

Departure memos in Biglaw can be creative and personalized, like a choose-your-own-adventure game with Taylor Swift lyrics, leaving a memorable impression on colleagues.

Morning Docket: 05.20.24

Diversifying client accounts is a key strategy for Biglaw to build poach-proof firms.
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