Above the Law3 weeks agoDeliverabilityBiglaw Firm Adjusts Bonus Policy To Hand Out Big Bucks - But Only To Its Biggest BillersMcGuireWoods has introduced a new bonus policy for associates, rewarding high billable hours with significant bonuses. [ more ]
Above the Law1 month agoLawTop Biglaw Firm Finally Announces Market Raises, But Not All Associates Will See Market MoneyReed Smith announces salary increases based on billable hours Associates in Salary Level B receive lower compensation but can move to Level A with 2,000 billable hours [ more ]
Above the Law2 months agoLawBiglaw Firm's Bonuses Leave A Lot To Be DesiredBonuses at Fox Rothschild below market Fox Rothschild bonus structure favors higher billable hours [ more ]
Above the Law3 months agoLawAssociates Need A Break From Their Billables, But Can Biglaw Firms Offer Realistic Work-Life Balance Solutions?Firms tend to introduce work-life balance programs and policies during busy times to attract associates. Attorneys want reduced workloads and time away from billable hour expectations. Few firms are able to deliver the desired respite. [ more ]
Above the Law5 months agoLawWe're Not Saying Associates Work Harder Than Partners, But...Associates had an average of X billable hours in 2022. Equity partners billed fewer hours than associates, at 1584. [ more ]
Above the Law5 months agoLawAssociate Layoffs Come To Top 50 Biglaw FirmTop Biglaw firm K&L Gates is conducting associate layoffs in multiple offices due to a lack of billable hours. The layoffs do not indicate an overall decline in the firm's health, as it has seen strong revenue growth. [ more ]
Above the Law6 months agoLawThe Insufferable Nonsense Biglaw Is Spouting Over Milbank's RaisesMilbank raised associate salaries by $10K Anonymous critics argue the raise is tone deaf and puts pressure on associates [ more ]