JD Journal » Allen & Overy http://www.jdjournal.com Legal Industry News Fri, 10 Feb 2012 05:34:00 +0000 en hourly 1 http://wordpress.org/?v=3.3 LawCrossing Survey of Lawyer Salaries of Best Law Firms http://www.jdjournal.com/2011/12/28/lawcrossing-survey-of-lawyer-salaries-of-best-law-firms/ http://www.jdjournal.com/2011/12/28/lawcrossing-survey-of-lawyer-salaries-of-best-law-firms/#comments Wed, 28 Dec 2011 20:14:14 +0000 aostler http://www.jdjournal.com/?p=32781 A recent LawCrossing Survey of Lawyer Salaries of Best Law Firms survey asked attorneys about their experiences working for 94 different law firms. While the survey asked a variety of questions regarding associate life, vacation time, benefits, and firm demands, one of the more interesting components involved the salary and bonus assessment. What follows is a concise summary of the survey’s results with regards four separate areas: salary and bonus amounts for 2011; salary scale; the target bonus amounts for 2010; and the factors that go into determining bonuses for each firm.

 

Law Firm Name 2011 Salary & Bonuses Salary Scale 2010 Target Bonus Level Bonus Factors
Akin Gump Strauss Hauer & Feld LLP Akin Gump Strauss Hauer & Feld have salaries that start at $160,000. The salary structure in Houston offices is a year behind market trends. Typically, the firm follows lock-step bonuses, even paying the New York market bonus in December 2010. Some associates also receive a $10,000 merit bonus based on number of hours worked. $160k $7k,
$10k,
$15k,

$20k,

$25k,

$30k,

$35k

 Class year determines bonuses.
Allen & Overy LLP Starting salary is $160,000. Salary and bonus systems are both “lockstep.” Billable hours have no bearing on bonuses. $160k,

$170k,

$185k,

$210k,

$230k,

$250k

  N/A Class year determines bonuses.
Alston & Bird LLP $160,000 starting salary for new associates. Merit considerations come into play when determining bonus amounts including billable hours. Top performers in first through fourth years can earn up to $25,000 extra. Top performers in fifth year + can earn up to $50,000 extra. $135k,

$140k,

$145k,

$155k

  N/A Billable hours and subjective conditions determine bonuses. Bonuses are 4%, 7.5%, or 12% of salary at the following billable hours markers: 1,900, 2,000, and 2,100.
Arnold & Porter LLP Arnold & Porter uses lockstep salaries based on class year with a base starting at $160,000. Subjective factors and billable hours determine bonus amounts. 2010 bonuses were considered “above-market,” at $10,000 to $50,000 on average with a maximum of $70,000. $160k,

$170k,

$185k,

$210k,

$230k,

$250k

  N/A Billable hours and subjective conditions determine bonuses including quality of work and work quality in relation to seniority. Qualifying factors are not transparent but the basics include: 1,800 billable hours and pro bono work.
Baker & McKenzie The Baker & McKenzie firm has a lockstep salary system with some exceptions given for individuals based on performance. Starting salaries are $160,000 except for Miami offices, where it is $130,000. Bonus amounts are considered to be below market. $160k  N/A Billable hours and subjective conditions determine bonuses, though this process is not transparent.
Baker Botts L.L.P. Salary is merit-based at Baker Botts. The four salary categories are determined by number of years with the firm (1, 2-3, 4-6, and 7+), but seniority promotions are not automatic. Starting salary is $160,000.  Texas offices have the highest bonus incentives. Bonuses are paid in March. Federal District and Circuit Court clerkship bonuses are given in the amounts of $35,000 and $50,000 to Texan and non-Texan offices, respectively. $160k,

$170k,

$170k,

$185k,

$185k,

$185k

  N/A Billable hours and subjective conditions determine bonuses, though this process is not transparent.
Baker Hostetler LLP Starting salaries fall between $115,000 and $160,000 then slip into a hybrid lockstep system than combines billable hours, performance, and other factors into consideration. Individual salaries do not always match market levels, nor do bonuses, which are largely discretionary. $160k  N/A 5% bonus administered after completing 1,950 hours. Additional 12.5% bonus is possible, though rare, and based on performance.
Bingham McCutchen LLP Bingham McCutchen follows a hybrid lockstep system that determines base salary levels. Starting salary is $160,000. Bonuses are at market level but not paid out until March. Judicial clerkship bonuses are also available. $160k,
$170k,
$185k,

$210k,

$230k,

$250k

 $7k,
$10k,
$15k,

$20k,

$25k,

$30k,

$35k

 Billable hours and subjective conditions determine bonuses, though this process is not transparent.
Bryan Cave LLP Salary at Bryan Cave in coastal and Chicago offices is $145,000 for the first year, $150,000 for the second year, and $155,000 for the third year. Base salary is lower in all other offices. In general, compensation is determined by lockstep and merit-based factors. Bonuses are also tiered but it is unclear how much members will receive each year. Judicial clerkship bonuses are available in some cases. $125k  N/A Billable hours and subjective conditions determine bonuses, though this process is not transparent. Bonus tiers reside at 1,950, 2,100, 2,250, and 2,400 hours.
Cadwalader, Wickersham & Taft LLP Cadwalader, Wickersham & Taft have a lockstep salary system that starts at $160,000 for all offices except Charlotte, which starts at $130,000. Spring bonuses in 2011 matched the market scale. $160k,
$170k,
$185k,

$210k,

$230k,

$250k

  N/A Billable hours and subjective conditions determine bonuses, though merit-based factors are only considered after 1,900 billable hours have been logged.
Cahill Gordon & Reindel LLP Cahill offers a lockstep salary system that starts at $160,000 and stays consistent depending on the associate’s class. Bonuses were distributed in payments ranging between $15,000 to $20,000 in December 2010 and another at market scale in January 2011. Mid-year bonuses were also paid in June 2011 for $5,000 to $25,000. $160k  N/A Class year determines bonuses.
Chadbourne & Parke LLP Chadbourne & Parke has a starting salary of $160,000 and bonuses that meet the market scale. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K

  N/A Billable hours and subjective conditions determine bonuses.
Cleary, Gottlieb, Steen & Hamilton LLP A lockstep system is used for setting salaries at Cleary, Gottlieb, Steen & Hamilton with a base of $160,000. They match market scale bonuses across the board. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Bonuses are determined by class year of the associate.
Clifford Chance LLP Clifford Chance uses a lockstep system to determine salaries, which start at $160,000. Bonuses meet the market scale. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

 $7k,

$10k,

$15k,

$20k,

$25k,

$30k,

$35k

 The process by which bonuses are determined is not transparent.
Cooley LLP Cooley uses a lockstep system to determine salaries, which start at $160,000 and meet the market level. Bonuses usually meet the market scale but a lack of overall transparency makes it difficult to gauge average amounts. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Billable hours and subjective conditions determine bonuses. Some of these factors are believed to include performance, client relationships, quality, and partnership potential, though the process is not transparent.
Covington & Burling Covington & Burling use a lockstep system to determine salaries, which start at $160,000. Bonuses are lower than similar firms though the firm has a reputation for contributing to a better quality of life for its associates. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Class year determines bonuses though subjective factors may contribute like pro bono work, recruiting, involvement, performance, etc.
Cravath, Swaine & Moore LLP Cravath, Swaine & Moore use a lockstep system to determine salaries, which start at $160,000. The firm sets and surpasses market bonus amounts for both end-of-year and spring bonuses. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Class year determines bonuses
Crowell & Moring LLP Crowell & Moring use both a lockstep system and merit-based approach to determine salaries, which start at $160,000. Bonus amounts vary. $160k  N/A Billable hours and subjective conditions determine bonuses. 1,900 billable hours must be logged for bonus eligibility.
Davis Polk & Wardwell Davis Polk & Wardwell use a lockstep system to determine salaries, which start at $160,000. However, paychecks are only administered once a month. Bonuses match the market and came in at the top of the market for spring bonuses in 2011. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Class year determines bonuses
Debevoise & Plimpton LLP Debevoise & Plimpton uss a lockstep system to determine salaries, which start at $160,000. Bonuses matched market levels in 2009 and 2010, while their spring bonuses for 2011 came in at the top of the market on the Cravath scale. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Class year determines bonuses
Dechert LLP Dechert uses a lockstep system to determine salaries, which start at $160,000 in most markets and at $145,000 for Charlotte, Philadelphia, Princeton, and Hartford offices. 2010 bonuses met the Cravath scale for standard performance and were doubled for those who were extremely productive. $145k,

$152k,

$160k,

$170k,

$180k,

$190k,

$200K,

$210k

  N/A Billable hours and subjective conditions determine bonuses. 1,950 billable hours nets a Cravath-level bonus. More hours increases this amount.
Dewey & LeBoeuf LLP Dewey & LeBoeuf uses a lockstep system for determining salaries, which start at $160,000 and increase each year after that. Bonuses are in keeping with the Cravath scale, but are paid out in March or April. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

 $35K Billable hours and subjective conditions determine bonuses. Associates that billed 2,000 hours qualify for bonuses with additional bonuses available for high performance.
Dickstein Shapiro LLP Dickstein Shapiro has a lockstep starting salary of $160,000. After that, salaries are below market level. By the third year, associates can work for higher hourly pay. Bonuses are paid out in December. $160k,

$165k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K

  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. After 2,100 hours, the bonus level increases every 100 hours.
DLA Piper DLA Piper has a lockstep starting salary of $160,000 in most markets and $145,000 in smaller markets.  A newer compensation structure features three tiers that are separated by 2-4 years and accession through the ranks is based on performance. 15% of the salary is awarded at the end of the year, based on a performance review. If no salary is withheld, bonuses are given.  Income and bonuses are generally viewed as below market levels. In previous years, bonuses ranged from $5,000 to $50,000. Top performers now receive market-level bonuses. $160k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. An end of year performance review determines if associates receive their 15% withheld portion of their salary. A rating of 4 or 3 warrants this; a rating of 2 warrants a 5% payment; and a rating of 1 warrants no withheld salary or bonuses.
Dorsey & Whitney LLP Dorsey & Whitney uses a merit-based compensation system. Starting salary is $145,000 in California and New York and $110,000 to $120,000 in smaller markets. Bonuses are behind market scale discretionary. $110k  N/A Billable hours and subjective conditions determine bonuses, though they are mostly discretionary. They are not determined in a transparent way.
Edwards Angell Palmer & Dodge LLP Edwards Angell Palmer & Dodge have a lockstep system for starting salaries at $145,000 in New York and Boston and $125,000 in Providence. Senior associates have a range of salaries, determined by unclear means. 10% of salary relies on meeting the minimum billable hours. Bonuses are less than market scale. $145k  N/A Billable hours and subjective conditions determine bonuses.
Fenwick & West LLP Starting salaries at Fenwich & West are $160,000 at all offices. Bonuses are typically lower than market levels. $160k  N/A Billable hours and subjective conditions determine bonuses. 1,800 and 1,950 billable hour tracks are available for different salary and bonus potential.
Fish & Richardson P.C. Fish & Richardson salaries are lockstep and start at $160,000. Bonuses ranged from $17,500 to above $50,000 in 2009 and even higher bonuses in 2010. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K

  N/A Billable hours and subjective conditions determine bonuses. 1,900 nets a bonus with every additional 100 hours increasing this amount.
Foley & Lardner LLP Foley & Lardner has a hybrid lockstep system with a tiered system for bonuses. Starting salary is $160,000 in major markets and between $110,000 and $145,000 in smaller markets. Deferred salary payment of $15,000 is made to those who work over 1,950 hours. Lockstep system dissolves after the fourth year. Bonuses vary and ranged from $0 to $50,000 in 2009. $130k  N/A Billable hours and subjective conditions determine bonuses though the process is not transparent and largely discretionary.
Freshfields Bruckhaus Deringer LLP Freshfields Bruckhaus Deringer uses a lockstep system with salaries starting at $160,000. Non-U.S. offices moved to a milestone system in 2011 based on performance only. U.S. office bonuses follow market standards but actually came in at the top of the Cravath scale for spring bonuses in February 2011. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Class year determines bonuses.
Fried, Frank, Harris, Shriver & Jacobson LLP Fried, Frank, Harris, Shriver & Jacobson have a lockstep system with salaries starting at $160,000. Bonuses match market levels and reached up to $35,000 in 2009. Spring bonuses in 2011 matched the Cravath scale. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Billable hours and subjective conditions determine bonuses. A minimum of 1,950 hours must be logged to qualify.
Fulbright & Jaworski L.L.P. Fulbright & Jaworski have a lockstep system with salaries starting at $160,000. Bonus amounts vary but fall short of market standards. $160k  N/A Billable hours and subjective conditions determine bonuses. Hourly bonuses are given to those that log 2,000 and above with additional amounts given to those every additional 100 hours. Discretionary bonuses are also awarded based on merit.
Gibson, Dunn & Crutcher LLP A lockstep scale is used to determine salaries at Gibson, Dunn & Crutcher, and start at $160,000. Bonus amounts are in line with market levels for year’s end and in the spring. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Billable hours and subjective conditions determine bonuses. Logging over 1,950 qualifies associates for bonuses. Higher billable hours increase bonus amounts considerably. The process is not transparent.
Goodwin Procter LLP Goodwin Procter uses a hybrid lockstep system to determine base salary levels, which start at $160,000, while including flexibility for merit-based assessments. Bonuses met the Cravath level, though individual associates complained about a lack of transparency in the assessment process. Spring bonuses did match the Cravath level in 2011. $160k,

$170k

 $30k,

$35k

 Billable hours and subjective conditions determine bonuses though the process is not transparent.
Greenberg Traurig, LLP Greenberg Traurig has a lockstep and merit-based system to determine salaries. Both salaries and bonuses are discretionary, leading to a tendency toward the firm playing favorites. Bonuses fall behind market levels and many associates don’t receive a bonus at all.  N/A $160k Billable hours and subjective conditions determine bonuses, though the process is not transparent.
Hogan Lovells LLP Salary is determined by billable hours. Those that bill 1,800 hours receive a below-market salary and those that bill above 1,950 receive a market-level salary. Bonuses match the Cravath scale. $160k,

$165k

  N/A Billable hours and subjective conditions determine bonuses. Those that bill 2,000 hours receive a Cravath-level bonus.
Holland & Knight LLP Holland & Knight has a hybrid lockstep system, with salaries starting at $145,000. After that, salary is determined by seniority, billable hours, profitability, and quality of work. Bonuses were awarded in 2011 for performance at a rate of $2,500 for first through fourth year associates and $5,000 for fifth year and up associates. $145k,

$150k,

$155k,

$160k,

$170k,

$180k,

$190k

  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
Hughes Hubbard & Reed LLP Hughes, Hubbard & Reed has a lockstep salary system that starts at $160,000 and is based on subjective variables after that including billable hours, pro bono work, contribution to the firm, and quality, though the reviews are not very detailed and only sub-par reviews cause an associate to miss out on a salary raise. Bonuses were at above-market levels in 2009 but dropped to market level in 2010. $160k,

$170k,

$185k,

$210k,

$230k

  N/A Billable hours determine bonuses. At least 1,950 hours are required to qualify.
Hunton & Williams LLP Hunton & Williams have a lockstep system and base salaries that start at $145,000 or $160,000 depending on the size of the market. Salary after that is determined by seniority and merit-based factors. Bonuses fall behind the market levels and are not distributed until May or June. $145k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. It is thought that 2,100 to 2,200 hours are required to qualify for bonuses.
Irell & Manella LLP Irell & Manella has starting salaries that start at $160,000. Bonuses fell between $15,000 and $70,000 in 2009 and doubled Cravath-level bonuses in 2010. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265k,

$280k

  N/A Billable hours and class year determine bonuses, with a minimum of 2,000 hours required.
Jackson Lewis LLP Jackson Lewis has different base salaries depending on the market, the lowest of which is $125,000. This is way below market levels. Bonuses are also below market levels. $125k,

$130k,

$135k

  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. A minimum of 1,900 hours is required.
Jenner & Block LLP Jenner & Block has a lockstep starting salary of $160,000 that switches to merit-based after the first year. Salary determinations are highly subjective as are bonuses. Bonuses ranged from $2,000 to $38,000 in 2009 and has fallen behind market levels in subsequent years. $160k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
Jones Day Jones Day has a merit-based salary system that includes factors like billable hours, pro bono, contribution, quality of work, and business development. Starting salaries range from $145,000 to $160,000 depending on the market. Bonuses are incorporated into salaries depending on each associate’s contribution. Typically, bonuses fall above market levels. $160k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
K&L Gates K&L Gates has starting salaries that fall between $115,000 and $160,000, depending on market size, then slip into a merit-based system that takes into account billable hours, quality of work, contribution, performance, and other factors. Bonuses are discretionary. $130k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. 1,950 hours are required to qualify for a bonus.
Kasowitz, Benson, Torres & Friedman LLP Kasowitz, Benson, Torres & Friedman has lockstep starting salaries of $160,000. It keeps with market levels for bonus amounts, though does not exceed it. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265k,

$280k

  N/A Factors determining bonus amounts are not clear.
Katten Muchin Rosenman LLP Katten Muchin Rosenman has a lockstep salary system that starts at $130,000 and $160,000 depending on the market. After that, salaries are based on class year, billable hours, and performance. Bonus amounts fall behind market levels, however. $160k,

$170k,

$185k,

$210k,

$230k,

$250k

  N/A Billable hours and subjective conditions determine bonuses.
Kaye Scholer LLP Kaye Scholer has a lockstep starting salary of $160,000. Bonus amounts follow market trends. Qualifying associates in 2009 received between $20,000 and $40,000. Cravath-level bonuses were awarded in 2010. $160k,

$170k,

$185k

 $7k,

$10k,

$15k,

$20k,

$25k,

$30k,

$35k

 Billable hours determine bonuses. 1,950 hours (1,800 billable) is the minimum requirement.
Kilpatrick Townsend & Stockton LLP Kilpatrick Townsend & Stockton has a merit-based system to determine salary. Starting salary is $135,000 to $160,000 depending on the market. Bonuses follow market levels. $135k  N/A Billable hours and subjective conditions determine bonuses though the process is not transparent.
King & Spalding LLP King & Spalding has a lockstep system for determining salaries, which start at $135,000 and $160,000 depending on the market. Bonuses lag behind market standards but a lack of billable hours minimum compensates for this fact. 2010 bonuses met the Cravath scale. $135k,

$140k,

$145k,

$155k,

165k,

$175k,

$185k,

$190k

 $22k,

$22k,

$27k,

$30k

 Billable hours determine bonuses, though discretionary factors can come into play. A minimum of 2,050 hours is required
Kirkland & Ellis LLP Kirkland & Ellis has a lockstep system that starts at $160,000. Double the market value bonuses are available to those that bill high hours. $160k,

$170k,

$185k,

$210k,

$230k,

$250k

  N/A Billable hours and subjective conditions determine bonuses. Above 2,200 garners increased bonus amounts.
Knobbe Martens Olson & Bear LLP Knobbe Martens Olson & Bear has a lockstep system to determine starting salaries. Base salaries begin at $140,000. Bonuses lag behind market levels because they’re based on the number of hours billed that fall above the quota. $140k,

$150k,

$160k,

$170k,

$180k,

$190k,

$200k,

$210k

  N/A Bonuses are based on billable hours.
Kramer Levin Naftalis & Frankel LLP Karmer Levin Naftalis & Frankel has a lockstep system that starts at $160,000. Bonuses follow market levels, though they are usually not paid out until February. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Billable hours determine bonus amounts. 2,150 hours are needed for a full bonus.
Latham & Watkins LLP Latham & Watkins have a lockstep system that starts at $160,000. Bonuses are typically above market levels, sometimes so much as double. Spring bonuses were also awarded in 2011 that met the Cravath scale. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K,

$280k

  N/A Billable hours and subjective conditions determine bonuses. A minimum of 1,900 hours is required to earn the base bonus.
Linklaters Linklaters has a lockstep system with salaries starting at $160,000. Bonuses are lockstep as well, and fall in line with market levels. 2011 spring bonuses fell below Cravath scale level, however. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265K

 $7k,

$10k,

$15k,

$20k,

$25k,

$30k,

$35k

 Billable hours and subjective conditions determine bonuses.
Manatt Phelps & Phillips Manatt Phelps & Phillips uses a hybrid lockstep system with salaries starting at $125,000 and bonuses that fall below market levels. $125k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
Mayer Brown LLP Mayer Brown has a lockstep salary system that starts at $160,000 for the first class year and has a range of salaries for every class year after that depending on billable hours, quality, pro bono, and other factors. Bonuses match market levels. End of year 2010 and spring 2011 bonuses met the Cravath scale. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265k,

$280k

  N/A Billable hours determine bonus eligibility with a minimum of 2,000.
McDermott, Will & Emery Starting pay at McDermott, Will & Emery is $145,000 though a merit-based system was implemented in 2011 that made it so associates only received their full pay if they worked 2,000 billable hours. Bonus amounts meet market levels and they aren’t awarded until March. $145k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
McGuireWoods LLP McGuireWoods uses a hybrid lockstep system to determine salary amounts. Starting salary is $130,000 with assessments each year after resulting in pay raises based on billable hours, pro bono, quality, performance, and other factors. Bonuses tend to be below market levels though working more hours will garner a higher payout. $130k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
Milbank, Tweed, Hadley & McCloy LLP Milbank,Tweed, Hadley & McCloy uses a lockstep system to determine salaries, which start at $160,000. Year-end and spring bonuses for 2010 and 2011 met the Cravath level. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265k,

$280k

  N/A Class year determines bonuses.
Morgan, Lewis & Bockius LLP Morgan Lewis uses a hybrid lockstep system with starting salaries at $145,000 in most markets. Bonuses keep up with market levels but increases are implementing very slowly. End of year bonuses for 2010 were paid in January 2011 for double the Cravath level. $145k,

$150k,

$160k,

$170k,

$180k,

$190k,

$200k,

$210k

  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
Morrison & Foerster LLP Morrison & Foerster has a lockstep system with salaries starting at $160,000. The firm follows market levels for bonuses, with more being awarded to those who bill a high number of hours and perform well. Bonuses ranged from $7,500 to $65,000 in 2010. Spring 2011 bonuses matched the Cravath scale. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265k,

$280k

  N/A Billable hours and subjective conditions determine bonuses. 1,950 hours warrants a standard bonus; 1,500 hours, a special bonus.
Munger, Tolles & Olson LLP Munger, Tolles & Olson uses a lockstep system with salaries starting at $160,000. First year associates received a flat $5,000 bonus in 2009 with rates matching market levels for following class years. $160k  N/A Billable hours and subjective conditions determine bonuses, including billable hours, quality of work, and other factors.
Nixon Peabody LLP Nixon Peabody uses a hybrid lockstep system that starts at $145,000. Raises are dependent on performance. Bonus worth 30% of salary is possible. $145k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
O’Melveny & Myers LLP O’Melveny has a lockstep system with salaries starting at $160,000. Bonuses follow market levels and not every associate receives a bonus. Spring 2011 bonuses were on the Cravath scale. $210k,

$230k,

$250k,

$265k,

$280k

  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. 1,950 hours is the minimum to qualify.
Orrick, Herrington & Sutcliffe LLP Orrick, Herrington & Sutcliffe uses a talent model to determine compensation, with different amounts for associates, managing associates, and senior associates. Advancement is dependent on merit only. 2009 bonuses ranged from $5,000 to $75,000. 2010 bonuses met the Cravath scale. Spring 2011 bonuses met the Cravath scale.  N/A  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. There is no minimum billable hours requirement, though pro bono work factors in.
Patterson Belknap Webb & Tyler LLP Patterson Belknap Webb & Tyler has a lockstep system with salaries starting at $160,000. Bonuses follow market levels. $160k,

$170k,

$185k,

$210k

  N/A Billable hours and class year determine bonuses. Special bonuses given to those that log more than 2,100 hours.
Patton Boggs LLP Patton Boggs uses a hybrid lockstep system to determine salaries with three tiers separated by billable hours: 1,650, 1,800 and 1,950. Bonuses are paid in March and fall behind or meet market levels depending on several factors.  N/A  N/A Billable hours and subjective conditions determine bonuses. Two options are available: 1. Based on billable hours above minimum 2. Based on hours, pro bono, work quality, etc.
Paul, Hastings, Janofsky & Walker LLP Paul, Hastings, Janofsky & Walker use a lockstep system to determine salaries. Bonuses match market levels and are paid out in March. 2010 bonuses matched Cravath scale for top-tier associates. Spring 2011 bonuses met the Cravath level for all associates. $230k,

$250k

  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. Minimum 1,950 hours to qualify.
Paul, Weiss, Rifkind, Wharton & Garrison Paul, Weiss, Rifkind, Wharton & Garrison uses a lockstep system to determine starting salaries. Bonuses are paid in December and match market levels.  N/A $37k,

$42k

 Class year and subjective conditions determine bonuses.
Perkins Coie LLP Perkins Cole uses a lockstep system to determine starting salaries ranging from $120,000 to $160,000 depending on the office’s location. After that, merit plays a role in class year salary. Bonuses include equity in an investment plan. $120k,

$120k

  N/A Billable hours and subjective conditions determine bonuses, including productivity.
Pillsbury Winthrop Shaw Pittman LLP Pillsbury Winthrop Shaw & Pittman has a lockstep system with salaries starting at $155,000 with raises made each year depending on if associates met a minimum number of billable hours. 2010 bonuses matched the market level at $15,000 for qualifying associates. $155k  N/A Billable hours and subjective conditions determine bonuses, including productivity. Minimum billable hours required is 1,950.
Proskauer Rose LLP Proskauer Rose has a lockstep system that start at $110,000 to $160,000 depending on the location of the office. Bonuses follow the market scale, with 2010 bonuses falling in line with the Cravath scale. $170k $7k,

$10k,

$15k,

$20k,

$25k,

$30k,

$35k

 Class year determines bonus amount.
Quinn Emanuel Urquhart & Sullivan LLP Quinn Emanuel Urquhart & Sullivan falls behind the market scale for salaries. Bonuses were awarded in 2010 at 150% of the Cravath scale plus $5,000 per additional 200 hours past the base level. Spring 2011 bonuses matched the Cravath scale for those billing 2,000 hours and beat it for those billing above 2,100.  N/A $11k,

$15k,

$22k,

$30k,

$37k,

$45k,

$52k

 Class year and billable hours determines bonus amount with a 2,100 hour minimum.
Ropes & Gray LLP Ropes & Gray has a lockstep system for determining base salaries. Bonuses match market levels at were at the Cravath level in 2009 and 2011.  N/A  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. A minimum of 1,900 hours is required.
Schulte Roth & Zabel LLP Schulte, Roth & Zabel has a lockstep system with salaries starting at $160,000. Bonuses match the market levels. Spring 2011 bonuses met the Cravath scale.  $160k  N/A Class and billable hours year determines bonus amount with a 2,000-hour minimum.
Shearman & Sterling LLP Shearman & Sterling have a lockstep salary system. Bonuses match the market level, though deviated slightly in 2010 when merit-based determinations were put in place. Spring 2011 bonuses matched the top of the Cravath scale.  N/A $7k,

$10k,

$15k,

$20k,

$25k,

$30k,

$35k

 Class year, billable hours and subjective conditions determine bonuses, though the process is not transparent.
Sidley Austin LLP Sidley Austin has a lockstep system to determine salaries and advancement. 2010 and 2011 bonuses met or exceeded the Cravath scale.  N/A  N/A Billable hours and subjective conditions determine bonuses, though the process isn’t transparent. Minimum 2,000 hours are needed for full market-rate bonus
Simpson Thacher & Bartlett LLP Simpson Thacher & Bartlett has a lockstep system to determine salaries, which are at the top of the market. Bonuses met the Cravath scale in 2009 and 2010. Spring 2011 bonuses also matched the Cravath scale.  N/A $35k,

$35k

 Class year determines bonus amounts.
Skadden, Arps, Slate, Meagher & Flom LLP Skadden, Arps, Slate, Meagher, & Flom have a lockstep system for determining salaries. Bonuses meet market level in 2010 and were paid in December. Spring 2011 bonuses also met the market.  N/A $35k Class year and billable hours determine bonus amounts.
SNR Denton SNR Denton uses a lockstep salary system that starts at $160,000 with 12-15% of that paid out as a base bonus in the next year. After the first year, a three-tier system allows for raises based on merit. $150k,

$155k,

$157k,

$160k,

$165k,

$179k,

$205k,

$210k

  N/A Billable hours and subjective conditions determine bonuses.
Squire, Sanders & Dempsey LLP Squire, Sanders & Dempsey uses a merit-based system to determine salaries, which start at $117,000 and vary depending on class and performance. $117k  N/A Billable hours and subjective conditions determine bonuses.
Steptoe & Johnson LLP Steptoe & Johnson use a lockstep system with some variable aspects, which start at $165,000. Bonuses falls below the market, though a supplemental bonus system does award additional money to those who bring new business to the firm. $165k  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
Stroock & Stroock & Lavan Stroock & Stroock & Lavan uses a lockstep scale and pays at market rates. 2009 bonuses met the Cravath scale for those who met the billable hour minimum.  N/A Class year, billable hours and subjective conditions determine bonuses. 1,900 hours is the minimum requirement.
Sullivan & Cromwell LLP Sullivan & Cromwell uses a lockstep system to determine salaries. Compensation is typically ahead of the market, though it has matched it in 2009 and 2010. 2010 bonuses met the Cravath scale in December for years 1-6 and gave even more than that to years 7-8. Special bonuses are also occasionally awarded in the spring. In 2009 they ranged from $500 to $8,500. $37k,

$42k

 Class year determines bonuses.
Venable LLP Salaries at Venable vary depending on class and merit, but they start at $145,000. Bonuses fall below the market. $145k  N/A Billable hours and subjective conditions determine bonuses.
Vinson & Elkins L.L.P. Vinson & Elkins uses a lockstep system to determine salaries, which start at $160,000 for first years. A lockstep bonus is also given to first years, but all years after that provide higher bonus amounts depending on billable hours. 2010 bonuses were above the Cravath scale, though spring 2011 bonuses fell below it. $170k  N/A Billable hours and subjective conditions determine bonuses. For senior associates, bonus levels are higher at 1,950, 2,150, and 2,300 hours.
Wachtell, Lipton, Rosen & Katz Wachtell, Lipton, Rosen & Katz uses a lockstep system to determine salaries, which start at $165,000. Bonuses are a percentage of an associate’s base salary. $165k  N/A Bonuses are determined by salary percentage.
Weil, Gotshal & Manges LLP Weil, Gotshal & Manges uses a lockstep system to determine salaries, which start at $160,000. Bonuses meet the Cravath scale. As of 2011, the firm no longer pays a special bonus to particularly high performing members.  N/A Class year determines bonuses.
White & Case LLP White & Case uses a lockstep system to determine salaries, though payment varies from office to office. Bonuses meet market levels and are paid out in January. Spring 2011 bonuses were paid out in April and were highly variable.  N/A Billable hours and subjective conditions determine bonuses, including pro bono, contribution, and quality of work. The process is not transparent.
Williams & Connolly LLP Williams & Connolly uses at lockstep system to determine salaries, which start at $180,00 for first year associates. Bonuses are not awarded and are built into the base salary, instead. $180k,

$190k,

$230k

  N/A No bonuses are awarded.
Willkie Farr & Gallagher LLP Willkie Farr & Gallagher uses a lockstep system to determine salaries in its U.S.-based offices. Bonuses are paid out in December each year to all associates at market levels. 2009, 2010, and spring 2011 bonuses met the Cravath scale. $35k,

$35k

 Class year determines bonuses.
WilmerHale Starting salaries at WilmerHale are $165,000 though the firm is moving to a merit-based structure in 2012, at which time a higher percentage of salary will be paid out in bonuses determined by performance, quality of work, pro bono work, and other factors. Spring 2011 bonuses met the Cravath scale. $165k,

$210k

  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent.
Wilson Sonsini Goodrich & Rosati Wilson Sonsini Goodrich & Rosati use a hybrid lockstep and merit-based system to determine salaries, which start at $160,000. Bonuses are at the market level, with a few associates getting higher than that. Bonuses ranged from a max of $9,000 for first years to $49,000 for senior associates. $160k,

$170k,

$185k,

$210k,

$230k,

$250k,

$265k

  N/A Billable hours and subjective conditions determine bonuses, though the process is not transparent. Bonuses levels cap at 1,900, 2,100, and 2,400 hours.
Winston & Strawn LLP Winston & Strawn uses a lockstep system to determine salaries, which meet the market levels. 2009 and 2010 bonuses met the Cravath scale. 2011 spring bonuses were not awarded. Billable hours and subjective conditions determine bonuses, including pro bono, quality of work, contribution and other factors. The process is not transparent. Over 2,200 hours nets an additional bonus.

 

This LawCrossing attorney salary survey was first published on LawCrossing.com. If you would like to provide updates to this information, feel free to provide them anonymously by commenting below.

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]]> http://www.jdjournal.com/2011/12/28/lawcrossing-survey-of-lawyer-salaries-of-best-law-firms/feed/ 0 Allen & Overy Announces Launch of Office In Istanbul http://www.jdjournal.com/2011/12/05/allen-overy-announces-launch-of-office-in-istanbul/ http://www.jdjournal.com/2011/12/05/allen-overy-announces-launch-of-office-in-istanbul/#comments Mon, 05 Dec 2011 21:53:18 +0000 rebneely http://www.jdjournal.com/?p=32000

Today, Allen & Overy announced the launch of an office in Istanbul. The move will capitalize on the increasing flow of work being undertaken in Turkey.

According to statistics reported in a press release at the firm’s website, the International Monetary Fund, in its September 2011 World Economic Outlook, forecasted gross domestic product (GDP) growth of 6.6% for Turkey in 2011. That figure is higher than for any other market in Europe. GDP growth is expected to stabilize at around 5% over the medium term.

Also according to current projections, Turkey is expected, by 2050, to rank second only to Germany in terms of GDP in Europe. It is also expected to be upgraded to investment grade in the short- to medium-term, opening the market to a much larger pool of investors.

Banking partner Charles Lindsay will move to Istanbul from London to lead A&O’s Turkey practice. The office will focus on English law project finance, capital markets, general lending and M&A work.

Allen & Overy global managing partner Wim Dejonghe was quoted as saying in a press release at the firm’s website: “Turkey is a market that we have been watching for some time. Turkey’s strong economy, extensive privatization program, pressing demand for infrastructure investment and emerging status as an energy hub, present an immense opportunity for both Allen & Overy and our clients. We see significant opportunities to build on the work we already do in Turkey for clients in our core areas of expertise such as project finance, capital markets, general lending and M&A. Having someone of Charles’s caliber and experience to lead the team will ensure we get our new office off to the very best start possible.”

So as to meet demand for new infrastructure and to support the government’s privatization program it is estimated that private financing of USD50 billion will be required by 2015. Because of this, Turkey presents great domestic opportunities and opportunities for international debt and equity financings. Favorable changes to withholding tax laws on interest payments on bonds, along with a number of high profile international bond issues by Turkish banks into the U.S. under Rule 144A, on which Allen & Overy has advised (Akbank, İşbank, Garantibank, Turk Exim Bank), have also provided opportunities for the debt capital markets to open up to foreign investors.

The launch furthers Allen & Overy’s strategy of continuing to increase the volume of revenue it generates from high growth markets around the world.

Karen Lee, senior associate in Allen & Overy’s ICM practice in London, will also be moving to Istanbul to support the development of A&O’s capital markets practice in Turkey. Seyda Duman, a banking associate in London who is fluent in Turkish, will also be joining the team in Istanbul.

Allen & Overy is headquartered in London. The firm is a member of the UK’s Magic Circle of leading law firms, and is widely considered to be one of the world’s elite law firms, advising national and multinational corporations, financial institutions, and governments. Founded in 1930, Allen & Overy has become one of the largest law firms in the world, both by number of lawyers and revenue. With approximately 5,000 staff and 38 offices worldwide, the firm provides legal advice in Europe, the Americas, Asia, Australia, and the Middle East.

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]]> http://www.jdjournal.com/2011/12/05/allen-overy-announces-launch-of-office-in-istanbul/feed/ 0 Allen & Overy Expands Australian Practice http://www.jdjournal.com/2011/12/02/allen-overy-expands-australian-practice/ http://www.jdjournal.com/2011/12/02/allen-overy-expands-australian-practice/#comments Fri, 02 Dec 2011 14:21:52 +0000 rebneely http://www.jdjournal.com/?p=31969

Leading international law firm Allen & Overy has announced it has expanded its Australian practice; it will now offer litigation and regulatory investigations expertise. In coordination with this expansion, John Samaha, senior Australian litigation lawyer, has been appointed to the partnership.

Samaha’s appointment will enable Allen & Overy to offer integrated local and global litigation and regulatory support to its clients, as the firm has experienced continued success of its corporate and finance practices in Australia.

Samaha possesses significant experience in complex and strategically significant litigation and regulatory work. He has acted for leading corporations and financial institutions in Australia, including many sector leaders. He was previously a senior litigation partner at another leading Australian firm, where he worked for two decades.

The Legal 500 review of Australian dispute resolution lawyers just released reports that John is ‘a consummate professional, highly knowledgeable and commercially minded’.

Tim House, Global Head of Litigation at Allen & Overy, was quoted as saying in a press release at the firm’s website: “John’s arrival is a further boost to our litigation capability across the Asia Pacific region and fits hand-in-glove with our growth plans for Allen & Overy’s global litigation practice. It also represents a unique opportunity for leading Australian litigation solicitors who see the advantages of a career in our growing network.”

Grant Fuzi, Managing Partner of Allen & Overy in Australia, was quoted as saying: “John is a recognized leader in his field. Now that Allen & Overy is well established in Australia, we are pleased to offer our clients litigation and regulatory skills and expertise under John’s leadership. John’s appointment brings our Australian partner tally to 23, with the support of over 160 staff. This outstanding growth has been fuelled by positive client response to our focus on leveraging our global and domestic expertise.”

In the last twelve months, Allen & Overy has completed transactions with an approximate total value of over AUD40 billion. These include advising SABMiller on its proposed AUD12 billion takeover of Foster’s Group by scheme of arrangement, Fortescue Metals Group on a USD2.04 billion syndicated loan facility and a 144A unsecured bond offering and on a USD1.5 billion 144A unsecured bond offering (CFO Dealbook Corporate Bond Issue of the Year 2011), and Equinox on the AUD7.1 billion Barrick Gold offer.

Allen & Overy is headquartered in London. The firm is a member of the UK’s Magic Circle of leading law firms, and is widely considered to be one of the world’s elite law firms, advising national and multinational corporations, financial institutions, and governments. Founded in 1930, Allen & Overy has become one of the largest law firms in the world, both by number of lawyers and revenue. With approximately 5,000 staff and 38 offices worldwide, the firm provides legal advice in Europe, the Americas, Asia, Australia, and the Middle East.

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]]> http://www.jdjournal.com/2011/12/02/allen-overy-expands-australian-practice/feed/ 0 Edwards Wildman Palmer Adds Two Partners http://www.jdjournal.com/2011/11/07/edwards-wildman-palmer-adds-two-partners/ http://www.jdjournal.com/2011/11/07/edwards-wildman-palmer-adds-two-partners/#comments Tue, 08 Nov 2011 04:04:51 +0000 rebneely http://www.jdjournal.com/?p=31576 Handshake

Edwards Wildman Palmer UK LLP announced in recent days that Jonathan (‘Jon’) Yorke joined the firm as a partner in the Insurance and Reinsurance Department (IRD). As well, Akash Sachdeva has joined the firm’s London office as a partner in the Intellectual Property department.

Yorke provides counsel to clients in the insurance and banking sectors, focusing in particular on cross-border issues. He is experienced in both contentious and on-contentious insolvency and restructuring. He represents clients, including leading insolvency practitioners, in administration and liquidation proceedings, and he advises on solvent and insolvent schemes of arrangement for insurance companies.

Yorke joins Edwards Wildman from Barlow Lyde & Gilbert. There, he was head of Restructuring and Insolvency. He is also joined by associate Matthew Fowler.

Sachdeva is an experienced IP litigator. He has acted for major commercial brands and financial institutions before the High Court of London and for a major defense contractor in an international arbitration. He joins Edwards Wildman from Allen & Overy, where he was Of Counsel in the firm’s IP Litigation department. He bolsters the firm’s growing IP capability in the United Kingdom.

Laurence Harris, the partner in charge of Edwards Wildman’s London office was quoted as saying in a press release at the firm’s website: “Our highly regarded insurance and IP departments have been growing at an impressive pace in London and throughout the firm. With the arrival of Jon and Akash, we are now in an even better position to address our clients’ legal needs in those important sectors. We are delighted that they have opted to come to Edwards Wildman, and we anticipate continued growth in the important UK market.”

Yorke and Sachdeva are the seventh and eighth partners to join Edwards Wildman’s London office in 2011. They come to the firm not long after the arrival of Stuart Blythe, who expanded the firm’s telecommunications practice; Richard Graham, who launched an IT and outsourcing practice; Charles Proctor, who launched a banking practice; Damian Connolly, a corporate and regulatory partner in the insurance sector; Eero Rautalahti, a capital markets partner; and Niall McAlister, a corporate partner advising clients in the Life Sciences sector.

Currently, Edwards Wildman has over 100 fee earners in the UK, and covers ten practice areas.

Edwards Wildman lawyers are known internationally for their work in private equity, venture capital, corporate and finance transactions, complex litigation, insurance and reinsurance, and intellectual property. The firm has over 650 attorneys in 14 offices on 3 continents, including the US, UK and Japan, with an associated office in Hong Kong. The firm works with Fortune 500 and FTSE 250 clients and start-up companies alike, across a range of industries, and serves as a forceful advocate for the firm’s  clients’ businesses.

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]]> http://www.jdjournal.com/2011/11/07/edwards-wildman-palmer-adds-two-partners/feed/ 0 New Casablanca Office to Open for Allen & Overy http://www.jdjournal.com/2011/07/22/new-casablanca-office-to-open-for-allen-overy/ http://www.jdjournal.com/2011/07/22/new-casablanca-office-to-open-for-allen-overy/#comments Fri, 22 Jul 2011 20:59:36 +0000 EmploymentCrossing http://www.jdjournal.com/2011/07/22/new-casablanca-office-to-open-for-allen-overy/

Allen & Overy is a large international firm and has many branches in Europe. It is about to open a new Casablanca, Morocco office. Morocco is “a key hub for international companies” and the company “is targeting work related to direct foreign investments.” The corporate partners are relocated to manage new offices. The firm is concentrating in sectors such as infrastructure, energy, and mining.

Read the full article here:
Allen & Overy to Open Casablanca Office

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]]> http://www.jdjournal.com/2011/07/22/new-casablanca-office-to-open-for-allen-overy/feed/ 0 DLA Piper to Merge with Australian Alliance Partner DLA Phillips Fox http://www.jdjournal.com/2011/01/28/dla-piper-to-merge-with-australian-alliance-partner-dla-phillips-fox/ http://www.jdjournal.com/2011/01/28/dla-piper-to-merge-with-australian-alliance-partner-dla-phillips-fox/#comments Sat, 29 Jan 2011 00:25:41 +0000 marvins http://www.jdjournal.com/?p=28840 DLA Piper is set to become the world’s largest law firm by number of attorneys once its merger deal with DLA Phillips Fox, a trans-Tasman law firm and DLA Piper’s Australian alliance partner, is sealed. The merger is part of DLA Piper’s plan for bolstering its worldwide presence, particularly in Asia. The two firms are discussing the merger details as of now, and are expected to finalize the details by February.

DLA Piper explained that Australia offers an attractive path to enter the Asian market. In 2010, Allen & Overy launched two Australian law firm offices to boosts its presence in cross-border Asia-Australia deals. In 2008, Clifford Chance also explored a merger deal with Mallesons Stephen Jaques, one of Australia’s legal giants. Once the merger is set, DLA Piper will have over 4,000 lawyers throughout its worldwide operations, becoming one of the top law firms in Australia and the largest in the world.

Alistair Da Costa, DLA Piper’s Asia managing director, said that the new merger deal is proof that DLA Piper is aggressive enough to have a strong presence in Asia.  DLA Piper has already successfully set up its operations in Asian cities such as Hong Kong, Beijing, Shanghai and Tokyo.

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]]> http://www.jdjournal.com/2011/01/28/dla-piper-to-merge-with-australian-alliance-partner-dla-phillips-fox/feed/ 0 Morning Roundup http://www.jdjournal.com/2010/07/09/morning-roundup-177/ http://www.jdjournal.com/2010/07/09/morning-roundup-177/#comments Fri, 09 Jul 2010 12:18:10 +0000 joshua http://www.jdjournal.com/?p=24721 Good morning everyone! Today is Friday, July 9th. Here’s a quick look back at yesterday’s stories.

Clifford Chance was the highest grossing firm among UK firms…

Sonnenschein added a veteran Exxon Lawyer to its Energy Practice…

Ogletree opened a Portland office…

Gonzalez Saggio & Harlan added two partners to its IP team…

A survey of nearly 700 women law firm partners revealed an “intense dissatisfaction” with the compensation gap between men and women…

A former Texas representative joined Greenberg Traurig’s Austin office as an of counsel in the governmental affairs practice group…

A shareholder in Greenberg Traurig’s Tampa office, was appointed chairman of the Florida Bar Board of Legal Specialization and Education…

Morvillo Abramowitz was recognized by Chambers & Partners for the 7th consecutive year…

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]]> http://www.jdjournal.com/2010/07/09/morning-roundup-177/feed/ 0 Clifford Chance Leads Rough Year for U.K. Firms http://www.jdjournal.com/2010/07/08/clifford-chance-leads-rough-year-for-u-k-firms/ http://www.jdjournal.com/2010/07/08/clifford-chance-leads-rough-year-for-u-k-firms/#comments Fri, 09 Jul 2010 00:32:53 +0000 joshua http://www.jdjournal.com/?p=24715 Revenue at the U.K.’s magic circle firms suffered a decline of 11 percent for the fiscal year ended April 30. Leading the way as the highest-grossing firm for the year was Clifford Chance.

Clifford Chance returned to the top spot despite suffering a 5 percent decline in revenue to $1.8 billion, Bloomberg reports.

Linklaters, last year’s highest-grossing U.K. firm, fell to 2nd on revenue of $1.78 billion, which was an 8.8 percent decline from the prior year. Rounding out the magic circle firms were Freshfields Bruckhaus Deringer LLP with $1.73 billion, a drop of 11 percent; and Allen & Overy LLP, which reported revenue of $1.59 billion, a four percent drop.

Revenue is down a bit, but you always expect it to come down as the recession unwinds,” Tony Williams, founder of Jomati Consultants in London and a former managing partner at Clifford Chance, told Bloomberg. “The initial panic from the financial crisis and the Lehman collapse caused a lot of work, and there’s been a period where everyone sort of licks their wounds.”

Bloomberg cited a major decrease in mergers & acquisitions work as the reason for the declines.

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]]> http://www.jdjournal.com/2010/07/08/clifford-chance-leads-rough-year-for-u-k-firms/feed/ 0 Morning Roundup http://www.jdjournal.com/2010/07/02/morning-roundup-174/ http://www.jdjournal.com/2010/07/02/morning-roundup-174/#comments Fri, 02 Jul 2010 10:54:17 +0000 joshua http://www.jdjournal.com/?p=24582 Good morning everyone! Today is Friday, July 2nd. Here’s a quick recap of yesterday’s stories.

According to Hildebrandt Baker Robbins, leading consultants to the legal industry, law firm merger activity picked up during the second quarter…

Profits per partner were up 10 Percent at Allen & Overy…

Baker Botts’ Robert W. Jordan, former U.S. Ambassador to Saudi Arabia, returned as partner in charge of the firm’s Middle East offices…

The Los Angeles based firm Munger Tolles & Olson placed for the third year running at the top of the American Lawyer A-List…

Francis P. Barron,  a partner from Cravath, Swaine and Moore, joined Morgan Stanley as its chief legal officer…

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]]> http://www.jdjournal.com/2010/07/02/morning-roundup-174/feed/ 0 Profits Per Partner Up 10 Percent at Allen & Overy http://www.jdjournal.com/2010/07/01/profits-per-partner-up-10-percent-at-allen-overy/ http://www.jdjournal.com/2010/07/01/profits-per-partner-up-10-percent-at-allen-overy/#comments Thu, 01 Jul 2010 18:46:51 +0000 joshua http://www.jdjournal.com/?p=24573 Allen & Overy reported this week that its profits per partner increased 10 percent to $1.7 million for the year-period ending April 30. Additionally, the firm announced it was opening an office in Indonesia in association with the Jakarta-based Daniel Ginting law firm.

The Indonesia office gives London-based Allen & Overy a presence in 26 countries through 36 offices.

The firm said it had revenue of $1.6 billion for the year, which is down 4 percent from the previous year.  The number of equity partners in the firm fell by 39 to 450 and the firm’s overall profit fell less than 1 percent.

Managing partner Wim Dejonghe praised the performance of the firm in a press release.

“We have made strategic choices to secure future growth, and in doing so have built resilience into our business, enhanced our global reach and diversified our practice area mix,” Dejonghe said.

Allen & Overy’s banking, litigation, regulatory, restructuring and emerging markets practices were the strongest in the past year, the firm said. Allen & Overy is based in London and has over 2,000 attorneys.

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]]> http://www.jdjournal.com/2010/07/01/profits-per-partner-up-10-percent-at-allen-overy/feed/ 0 Morning Roundup http://www.jdjournal.com/2010/05/28/morning-roundup-136/ http://www.jdjournal.com/2010/05/28/morning-roundup-136/#comments Fri, 28 May 2010 12:54:03 +0000 joshua http://www.jdjournal.com/?p=23732 Good morning everyone! Today is Friday, May 28th. Here’s a quick look back at yesterday’s stories.

12 Winstead PC Attorneys were selected as Houston’s Top Lawyers…

Miami-based firm Greenberg Traurig made additions to its offices in Albany and Philadelphia…

New York-based White & Case promoted five overseas attorneys to partner…

International firm Eversheds named five new partners to its global operations…

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]]> http://www.jdjournal.com/2010/05/28/morning-roundup-136/feed/ 0 Eversheds Adds to Partner Ranks http://www.jdjournal.com/2010/05/27/eversheds-adds-to-partner-ranks/ http://www.jdjournal.com/2010/05/27/eversheds-adds-to-partner-ranks/#comments Thu, 27 May 2010 20:03:56 +0000 joshua http://www.jdjournal.com/?p=23719 International firm Eversheds has named five new partners to its global operations. The new partners will be based at the firm’s offices in London, Madrid, Munich, Paris and Rotterdam.

María de Castro has joined the firms Madrid office as both Partner and the new Head of the Employment Department in the region. Having joined from an in-house position at telecoms giant Ericsson, de Castro brings expertise that will strengthen the firms’ client service excellence delivery strategy, Eversheds said in a press release.

Dr. Joos Hellert, who practices franchise law as well as dispute resolution and corporate compliance, joins Eversheds in Germany. Joos was Legal Director of the Central European division at Burger King as well as a member of the management board for Germany, the Netherlands and Switzerland.

In Rotterdam, property and sustainable energy partner Paul Goedvolk, formerly of a boutique Dutch property firm and Allen & Overy, joins the firm’s global property and sector leading renewable energy group.

Jeremy Irving has joined as a partner in the firm’s insurance group in London. Formerly with DLA Piper UK, Jeremy Irving will lead Eversheds’ London team advising on commercial and FSA regulatory/compliance issues in the insurance and reinsurance markets.

Litigation partner Rémi Kleiman joins the firms Paris office having previously worked at Montespan and Field Fisher Waterhouse. Kleiman specializes in commercial litigation, notably with regard to financial and banking litigation for banks and other domestic and international financial institutions.

Stephen Hopkins, Eversheds Head of International, commented on the move in a press release.

“These new partners have been appointed in line with Eversheds strategy to deliver high quality consistent advice in key sectors across the international jurisdictions in which Eversheds now operates,” Hopkins said.

Eversheds has more than 4,500 service providers for the business and finance community. It has 47 international offices in 29 jurisdictions.

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]]> http://www.jdjournal.com/2010/05/27/eversheds-adds-to-partner-ranks/feed/ 0 Linklaters, Magic Circle Firms Make Partner Promotions http://www.jdjournal.com/2010/04/27/linklaters-magic-circle-firms-make-partner-promotions/ http://www.jdjournal.com/2010/04/27/linklaters-magic-circle-firms-make-partner-promotions/#comments Tue, 27 Apr 2010 17:05:40 +0000 joshua http://www.jdjournal.com/?p=22984 Linklaters is among a handful of magic circle firms that recently announced partner promotions, according to a report by Cityam.com. Linklaters, the UK’s largest law firm based on revenue, has promoted 14 associates to partner, which is a slight decrease from the previous year when 18 made partner.

“These promotions highlight our continued commitment to investing in our global practices in order to enhance the breadth and depth of expertise we offer our clients,” said Linklaters senior partner David Cheyne.

Cityam.com reports the promotions puts Linklaters right in line with magic circle competitors Freshfields Bruckhaus Deringer, Allen & Overy and Slaughter and May.

Allen & Overy promoted 18 to partner this year, two less than a year ago, and Slaughter and May promoted just two, which is the same as last year. Freshfields added 18 associates to its partner ranks, which is an increase from the 14 that were promoted last year.

Cityam.com reports reports Linklaters promoted eight London partners, Freshfields six London partners, and Allen & Overy two London partners. Allen & Overy managing partner Wim Dejonghe said “over half of the firm’s turnover continues to be generated outside the UK and two-thirds of our work is cross-border.”

Fellow magic circle firm Clifford Chance is slated to make its partner promotions in July.

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]]> http://www.jdjournal.com/2010/04/27/linklaters-magic-circle-firms-make-partner-promotions/feed/ 0 White & Case Suffers Yet Another Departure http://www.jdjournal.com/2010/02/25/white-case-suffers-yet-another-departure/ http://www.jdjournal.com/2010/02/25/white-case-suffers-yet-another-departure/#comments Thu, 25 Feb 2010 17:49:02 +0000 joshua http://www.jdjournal.com/?p=20627 Multiple reports indicate White & Case has been tagged with yet another defection, as Steve Betensky has apparently resigned as chair of the firm’s global information technology practice. The move follows news last week that Elaine Johnston left White & Case to join Allen & Overy’s antitrust practice; and earlier this week, Tanneke Heersche left the firm’s mining and metals practice in Johannesburg to join Canadian-based Fasken Martineau’s Johannesburg office.

Betensky worked in White & Case’s offices in Palo Alto and Prague.

Earlier this year White & Case had 13 partners leave for Latham & Watkins’s London office. In all, White & Case has had 23 partners leave since October.

White & Case is an international law firm founded in 1901 with a presence in the United States, Latin America, Europe, the Middle East, Africa and Asia.

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]]> http://www.jdjournal.com/2010/02/25/white-case-suffers-yet-another-departure/feed/ 0 Morning Roundup http://www.jdjournal.com/2010/02/18/morning-roundup-71/ http://www.jdjournal.com/2010/02/18/morning-roundup-71/#comments Thu, 18 Feb 2010 12:25:25 +0000 joshua http://www.jdjournal.com/?p=20240 Good morning!  Today is Thursday, February 18, and here’s a quick look back at yesterday’s headlines…

Citizens are nearly united against the Citizens United ruling…

Kilpatrick Stockton picked up a pair of partnersfrom Winston & Strawn…

The DoJ issued indictments in two noteworthy cases…

Another study shows fewer lawyers are making partner during the recession and recovery…

Latham & Watkins saw a decline in revenue in 2010, but per partner profits were up…

A pair of Chicago firms are moving into new digs…

Allen & Overy is opening up in Qatar…

Kaye Scholer has a new co-managing partner…

Gibson Dunn increased revenue and per partner profits last year…

While things remained steady at Greenberg Traurig…

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]]> http://www.jdjournal.com/2010/02/18/morning-roundup-71/feed/ 0 Allen & Overy Launch New Office in Qatar http://www.jdjournal.com/2010/02/17/allen-overy-launch-new-office-in-qatar/ http://www.jdjournal.com/2010/02/17/allen-overy-launch-new-office-in-qatar/#comments Wed, 17 Feb 2010 14:49:19 +0000 sara http://www.jdjournal.com/?p=20206 Allen & Overy will open a new office in Qatar. London real estate partner Robert Porter will head the new office. He is already in Doha and will be joined by Dubai based corporate partner Chris Thornes and a team of associates. The firm received the go ahead from the Qatar Financial Centre Regulatory Authority on Monday, authorizing them to open their office and practice both international and local law from the office.

The Qatar office will focus on high end corporate and financial matters. Porter focuses on international funds, real estate and cross-border joint ventures and M&A. Thornes specializes in M&A and private equity.

Founded in 1930, Allen & Overy is headquartered in London. The firm has approximately 2,700 attorneys and 31 offices globally. Recently the firm announced the addition of offices in Australia.

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]]> http://www.jdjournal.com/2010/02/17/allen-overy-launch-new-office-in-qatar/feed/ 0 Morning Roundup http://www.jdjournal.com/2010/02/17/morning-roundup-70/ http://www.jdjournal.com/2010/02/17/morning-roundup-70/#comments Wed, 17 Feb 2010 13:19:23 +0000 sara http://www.jdjournal.com/?p=20175 Good morning everyone! Today is Wednesday, February 17, and here’s a look back at yesterday’s stories…

Lincoln Fabrics will pay $4 million dollars to settle a lawsuit with the U.S. government…

A couple wins a lawsuit against their former stockbroker…

Profits are up and revenues are down at Shearman & Sterling…

Profits and revenues are up at Irell & Manella…

Elaine Johnston leaves White & Case for Allen & Overy…

Civil rights activists will challenge a California affirmative action ban in college admissions…

A student suspended for writing critical statements on Facebook may proceed with her lawsuit against her former school…

Jury pools have been hit by the recession…

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]]> http://www.jdjournal.com/2010/02/17/morning-roundup-70/feed/ 0 Allen & Overy Adds Partner from White & Case http://www.jdjournal.com/2010/02/16/20161/ http://www.jdjournal.com/2010/02/16/20161/#comments Tue, 16 Feb 2010 16:11:23 +0000 joshua http://www.jdjournal.com/?p=20161 White & Case, which has already had 13 partners depart for Latham & Watkins this year, has lost an additional partner in its New York office, this time to Allen & Overy. According to a statement from the firm, Elaine Johnston has left for A&O after 16 years at the firm.

Johnston will lead A&O’s antitrust practice. Allen & Overy is based in London and has over 2,000 attorneys with 450 partners. It has offices in 33 locations around the world.

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]]> http://www.jdjournal.com/2010/02/16/20161/feed/ 0 Morning Roundup http://www.jdjournal.com/2010/02/09/morning-roundup-64/ http://www.jdjournal.com/2010/02/09/morning-roundup-64/#comments Tue, 09 Feb 2010 13:22:22 +0000 joshua http://www.jdjournal.com/?p=19923 Good Morning!  Today is Tuesday, February 9, and here’s your daily round up…

A Senate report says that attorney-client accounts are being used to circumvent money laundering laws…

King & Spalding picked up three litigators from Orrick…

Winston & Strawn added three in New York…

Wilson Sonsini picked up an O’Melveny partner in San Francisco…

Former Michigan Chief Justice joined Miller Canfield…

Thompson Hine gets a lateral from Hogan & Hartson…

Lovells opened its second Saudi Arabia office…

Former California Bar Director sentenced for embezzlement…

Allen & Overy will open in Australia…

A class action against Dell has been reinstated by the Ninth Circuit…

Skadden picked up a pair of partnersfrom Dechert…

Wlikie Farr reported a drop in revenue and profits…

And Littler Mendelson has a new managing shareholder in Philly…

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]]> http://www.jdjournal.com/2010/02/09/morning-roundup-64/feed/ 0 Allen & Overy Launch Australian Practice http://www.jdjournal.com/2010/02/08/allen-overy-launch-australian-practice/ http://www.jdjournal.com/2010/02/08/allen-overy-launch-australian-practice/#comments Mon, 08 Feb 2010 15:18:34 +0000 sara http://www.jdjournal.com/?p=19892 London based international law firm Allen & Overy announced that they will launch an Australian practice based in Sydney and Perth. 14 new appointed partners will work in the Sydney office and 3 new appointed partners will work in the Sydney office. The new practice will significantly bolster the firm’s presence in the Asia-Pacific region. The Australian practice will focus largely in energy, mining and natural resources, finances, infrastructure, investment funds, M&A, private equity, tax, telecoms, media and technology.

Founded in Allen & Overy has over 2,000 attorneys, including 450 partners. The firm has offices in 33 locations worldwide including New York, Paris, Beijing, Bangkok, Amsterdam, Frankfurt, Moscow and Tokyo.

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]]> http://www.jdjournal.com/2010/02/08/allen-overy-launch-australian-practice/feed/ 0 White & Case Launches Arbitration Practice in Singapore http://www.jdjournal.com/2010/01/14/white-case-launches-arbitration-practice-in-singapore/ http://www.jdjournal.com/2010/01/14/white-case-launches-arbitration-practice-in-singapore/#comments Thu, 14 Jan 2010 19:49:59 +0000 joshua http://www.jdjournal.com/?p=18967 White & Case, one of six international firms awarded a license to practice in Singapore at the end of 2008, is launching an arbitration practice in its Singapore office. The practice will be headed up by Aloke Ray, who will relocate from London. Also joining the firm is Nandakumar Ponniya who comes on board as a partner from the local firm Rajah & Tann.

The arbitration practice group will cover all of Southeast Asia and reflects the firm’s belief that Singapore is poised to become a major arbitration center for the region.

Four UK firms and two from the US were awarded licenses to practice in Singapore at the end of 2008. Latham & Watkins along with White & Case make up the US contingent, while the UK is represented by Clifford Chance, Allen & Overy, Herbert Smith and Norton Rose. Under terms of the license, which are valid for five years, the six firms can practice all areas of local law except domestic litigation, criminal, family and administrative law.

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]]> http://www.jdjournal.com/2010/01/14/white-case-launches-arbitration-practice-in-singapore/feed/ 0 Latham & Watkins Opens Office in Beijing http://www.jdjournal.com/2010/01/04/latham-watkins-opens-office-in-beijing/ http://www.jdjournal.com/2010/01/04/latham-watkins-opens-office-in-beijing/#comments Mon, 04 Jan 2010 14:59:16 +0000 joshua http://www.jdjournal.com/?p=18619 Last year Latham & Watkinshired away seven partners from Allen & Overy to help boost its China practice. Now, the firm has opened its third office in China, located in Beijing. Latham & Watkins already has offices in Shanghai and Hong Kong.

Latham & Watkins LLP is one of the largest law firms in the world, employing around 1,500 attorneys in the US, Europe, the Middle East and Asia. The firm was started in Los Angeles in 1934 and has extensive California roots, but its largest office is now in New York City.

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]]> http://www.jdjournal.com/2010/01/04/latham-watkins-opens-office-in-beijing/feed/ 0 UK Firms Take the Lead in Dubai Crisis http://www.jdjournal.com/2009/12/02/uk-firms-take-the-lead-in-dubai-crisis/ http://www.jdjournal.com/2009/12/02/uk-firms-take-the-lead-in-dubai-crisis/#comments Wed, 02 Dec 2009 12:26:14 +0000 joshua http://www.jdjournal.com/?p=18102 The economic crisis in Dubai is creating a large amount of legal work for firms involved in the debt restructuring negotiations. Firms with deep roots in the country are getting the bulk of the work, and most of those are UK firms. Clifford Chance has scored big as the primary advisor to Dubai World. On the other side of the table, Ashurst and Allen & Overy each represent major creditors. Ashurst is taking the lead for a group of creditors that hold notes from Nakheel, Dubai World’s property unit. Allen & Overy is advising a group of commercial banks that have loaned money to Dubai world and its subsidiaries.

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]]> http://www.jdjournal.com/2009/12/02/uk-firms-take-the-lead-in-dubai-crisis/feed/ 0 Allen & Overy Partners Switch Firms http://www.jdjournal.com/2009/08/19/allen-overy-partners-switch-firms/ http://www.jdjournal.com/2009/08/19/allen-overy-partners-switch-firms/#comments Wed, 19 Aug 2009 16:31:42 +0000 Erik Even http://www.jdjournal.com/?p=16362 Allen & Overy attorney Michael Jahnke has lateraled to Howrey. He joins as a partner in the competition practice group. His practice focuses on tobacco, food, energy and telecommunications corporations.

Meanwhile, A&O Capital markets partner Srinivas Parthasarathy will leave A&O’s Singapore office to join Trilegal’s Mumbai office as a partner. He will head the capital markets group. The two firms have been affiliated since January 2008.

Founded in 1930, Allen & Overy has approximately 5,500 staff in 31 offices worldwide. It is part of the Magic Circle of London-based law firms.

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]]> http://www.jdjournal.com/2009/08/19/allen-overy-partners-switch-firms/feed/ 0 Allen & Overy Reports Revenue Up, Profits Down http://www.jdjournal.com/2009/07/10/allen-overy-reports-revenue-up-profits-down/ http://www.jdjournal.com/2009/07/10/allen-overy-reports-revenue-up-profits-down/#comments Fri, 10 Jul 2009 16:51:37 +0000 Erik Even http://www.jdjournal.com/?p=14854 Allen & Overy has announced its revenue for the last fiscal year was up 7% to more than £1.09 billion ($1.77 billion), despite a large number of layoffs.

Profits fell 4% to £431 million ($698 million).

The firm has the second highest gain in revenue for Magic Circle firms, after Freshfields reported a 9% gain.

Founded in 1930, Allen & Overy has approximately 5,500 staff in 31 offices worldwide. It is part of the Magic Circle of London-based law firms.

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]]> http://www.jdjournal.com/2009/07/10/allen-overy-reports-revenue-up-profits-down/feed/ 0 Berwin Leighton Top UK Firm for Lawyer Satisfaction [Correction] http://www.jdjournal.com/2009/06/19/allen-overy-top-uk-firm-for-lawyer-satisfaction/ http://www.jdjournal.com/2009/06/19/allen-overy-top-uk-firm-for-lawyer-satisfaction/#comments Fri, 19 Jun 2009 16:10:04 +0000 Erik Even http://www.jdjournal.com/?p=13932 Berwin Leighton PaisnerBerwin Leighton Paisner, CMS Cameron McKenna and Norton Rose are the top three UK firms for lawyer satisfaction, according to a survey by Legal Week of 4,000 solicitors below partner level.

The Legal Week 2009 Employee Satisfaction Survey says the three firms have the top lawyer satisfaction amongst the 25 largest UK law firms. The top five is rounded out by Allen & Overy and Bird & Bird.

The rankings are based on lawyers’ judgments of criteria such as firm prestige, work/life balance, being valued as an employee, quality of work, client interaction, salary & bonuses, partnership prospects and billable hours expectations.

The bottom five include Eversheds and DLA Piper.

UPDATE

This post originally listed the top five in the wrong order. JDJournal regrets the error.

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]]> http://www.jdjournal.com/2009/06/19/allen-overy-top-uk-firm-for-lawyer-satisfaction/feed/ 0 Allen & Overy Hires Singapore Team http://www.jdjournal.com/2009/06/02/allen-overy-hires-singapore-team/ http://www.jdjournal.com/2009/06/02/allen-overy-hires-singapore-team/#comments Tue, 02 Jun 2009 16:42:10 +0000 Erik Even http://www.jdjournal.com/?p=13181 Allen & OveryAllen & Overy has expanded its presence in Singapore, after hiring all ten lawyers at Venture Law.

The move gives Allen & Overy 44 lawyers in the island city-state, including nine partners.

Partners Lock Yin Mei, Venture Law’s managing director, and Kenny Kwan join Allen & Overy as capital markets partners. Until March, Venture Law was affiliated with White & Case.

Allen & Overy formerly had a long-standing relationship with Singapore’s Shook Lin & Bok, but ended the alliance last month.

Founded in 1930, Allen & Overy has approximately 5,500 staff in 31 offices worldwide. It is part of the Magic Circle of London-based law firms.

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]]> http://www.jdjournal.com/2009/06/02/allen-overy-hires-singapore-team/feed/ 0 Allen & Overy to Reduce Incoming Associate Class Sizes http://www.jdjournal.com/2009/05/22/allen-overy-to-reduce-incoming-associate-class-sizes/ http://www.jdjournal.com/2009/05/22/allen-overy-to-reduce-incoming-associate-class-sizes/#comments Fri, 22 May 2009 21:12:36 +0000 Erik Even http://www.jdjournal.com/?p=12845 Allen & OveryIn March, London’s Allen & Overy announced it would retain only 70% of its trainees for September 2009 and March 2010.

Now the firm has added it will take on 105 trainees a year, from September 2011 on. Traditionally, the firm has brought on 120 associates a year.

In April, the firm cut loose 47 equity partners, 200 associates, and 200 support staff.

Founded in 1930, Allen & Overy has approximately 5,500 staff in 31 offices worldwide. It is part of the Magic Circle of London-based law firms.

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]]> http://www.jdjournal.com/2009/05/22/allen-overy-to-reduce-incoming-associate-class-sizes/feed/ 0 Dewey & LeBoeuf Hires 4 for Corporate Group http://www.jdjournal.com/2009/05/07/dewey-leboeuf-hires-4-for-corporate-group/ http://www.jdjournal.com/2009/05/07/dewey-leboeuf-hires-4-for-corporate-group/#comments Thu, 07 May 2009 17:32:24 +0000 Erik Even http://www.jdjournal.com/?p=12063 DeweyDewey & LeBoeuf has brought on four corporate attorneys.

New corporate finance group partner John Cobb joins in New York from Milbank, where he was a partner in the Leveraged Finance Group.

Energy partner Lorenzo Parola, formerly of Allen & Overy, will work out of Milan, Italy, bringing with him two A&O associates. Parola is qualified both as an Italian Advocate, and as a Solicitor of England and Wales.

Dewey & LeBoeuf is a white shoe law firm formed in 2007 by the merger of Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae. The firm has 24 offices in 14 countries.

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]]> http://www.jdjournal.com/2009/05/07/dewey-leboeuf-hires-4-for-corporate-group/feed/ 0 The Week in Law Firm Layoffs http://www.jdjournal.com/2009/05/02/the-week-in-law-firm-layoffs-8/ http://www.jdjournal.com/2009/05/02/the-week-in-law-firm-layoffs-8/#comments Sat, 02 May 2009 17:25:12 +0000 Erik Even http://www.jdjournal.com/?p=11822 Needs job!This week in law firm layoffs:

Seyfarth Shaw: 50 lawyers & staff

White & Case: 27 lawyers, 13 staff (see also here)

Nomura: 12 lawyers

Allen & Overy: 247 lawyers, 200 staff

Squire Sanders: 32 lawyers

K&L Gates: 20 lawyers & staff

Kilpatrick Stockton: 24 lawyers

Wildman Harrold: 10 lawyers, 7 staff

Total: 352 lawyers, 220 staff, 70 undisclosed

Previously:

Week of April 19th: 61 lawyers, 184 staff

Week of April 12th: 67 lawyers, 50 staff, 115 unidentified

Week of April 5th: 144 lawyers, 310 staff

Week of March 29th: 199 lawyers, 474 staff

Week of March 22nd: 455 lawyers, 219 staff

Week of March 15th: 91 lawyers, 177 staff

Week of March 8th: 574 lawyers, 812 staff

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]]> http://www.jdjournal.com/2009/05/02/the-week-in-law-firm-layoffs-8/feed/ 0 Women Laid Off from Allen & Overy Found New Firm http://www.jdjournal.com/2009/04/30/women-laid-off-from-allen-overy-found-new-firm/ http://www.jdjournal.com/2009/04/30/women-laid-off-from-allen-overy-found-new-firm/#comments Thu, 30 Apr 2009 23:21:42 +0000 Erik Even http://www.jdjournal.com/?p=11739 Maurice Turnor GardnerNineteen women and four men laid off from Allen & Overy are founding their own firm, Maurice Turnor Gardner.

Formerly with A&O’s private client practice, five of the new firm’s six partners are women.

The firm will headed by Clare Maurice, who in 1985 became the first woman partner at Allen & Overy. It will work out of Allen & Overy’s Spitalfields office until July, when it will move into the City of London.

Today, Allen & Overy laid off 47 equity partners, 200 associates, and 200 support staff. In February, it cut 150 lawyers.

Founded in 1930, Allen & Overy has 31 offices worldwide. It is part of the Magic Circle of London-based law firms.

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]]> http://www.jdjournal.com/2009/04/30/women-laid-off-from-allen-overy-found-new-firm/feed/ 0 Allen & Overy Lays Off 47 Partners, 200 Associates, 200 Staff http://www.jdjournal.com/2009/04/30/allen-overy-lays-off-47-partners-200-associates-200-staff/ http://www.jdjournal.com/2009/04/30/allen-overy-lays-off-47-partners-200-associates-200-staff/#comments Thu, 30 Apr 2009 20:01:42 +0000 Erik Even http://www.jdjournal.com/?p=11729 Allen & OveryThe UK’s Allen & Overy announced in February a plan to lay off 450 jobs in a redundancy consultation.

Well, today’s the day.

Allen & Overy own Black Thursday sees 47 equity partners, 200 associates, and 200 support staff shown the door. Half the cuts will affect the London HQ. There as also been an undisclosed number of voluntary redundancies.

Another 35 partners have been demoted from equity status.

Founded in 1930, Allen & Overy had approximately 5,500 staff in 31 offices worldwide. It is part of the Magic Circle of London-based law firms.

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]]> http://www.jdjournal.com/2009/04/30/allen-overy-lays-off-47-partners-200-associates-200-staff/feed/ 0 Allen & Overy to Outsource More Work http://www.jdjournal.com/2009/04/24/allen-overy-to-outsource-more-work/ http://www.jdjournal.com/2009/04/24/allen-overy-to-outsource-more-work/#comments Fri, 24 Apr 2009 22:21:23 +0000 Erik Even http://www.jdjournal.com/?p=11476 Allen & OveryAllen & Overy plans to outsource more of its “back office” work, particularly due diligence and litigation discovery, to other firms.

The Magic Circle firm already outsources information technology and document production to outside companies.

In February the firm announced a massive redundancy consultation targeting 450 jobs. They have also frozen pay and billing rates at 2008 levels.

Founded in 1930, Allen & Overy has approximately 5,500 staff and 31 offices worldwide.

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]]> http://www.jdjournal.com/2009/04/24/allen-overy-to-outsource-more-work/feed/ 0 London Firms Delay Partner Promotions http://www.jdjournal.com/2009/04/08/london-firms-delay-partner-promotions/ http://www.jdjournal.com/2009/04/08/london-firms-delay-partner-promotions/#comments Wed, 08 Apr 2009 16:25:26 +0000 Erik Even http://www.jdjournal.com/?p=10444 Clifford Chance HQLondon Magic Circle firms Clifford Chance and Allen & Overy have delayed their 2009 partner promotions.

Clifford Chance will defer this year’s promotions process until the firm completes its restructuring this Summer, which is likely to cut the firm’s partnership up to 15%.

Allen & Overy is delaying its partner promotions until at least the beginning of May, when the firm will have completed its global restructuring. The firm expects to see 47 partners, or 9%, ousted by the end of the financial year.

Clifford Chance LLP is the largest law firm in the world, both by number of lawyers and revenue. It is a prestigious international practice with its principal office at Canary Wharf in London.

Founded in 1930, Allen & Overy has approximately 5,500 staff and 31 offices worldwide.

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]]> http://www.jdjournal.com/2009/04/08/london-firms-delay-partner-promotions/feed/ 0 Allen & Overy Announces Redundancy Criteria http://www.jdjournal.com/2009/03/17/allen-overy-announces-redundancy-criteria/ http://www.jdjournal.com/2009/03/17/allen-overy-announces-redundancy-criteria/#comments Tue, 17 Mar 2009 16:50:06 +0000 Erik Even http://www.jdjournal.com/?p=9119 Allen & OveryThe UK’s Allen & Overy, which announced in February its plan to lay off 450 jobs, has informed staff of its redundancy criteria.

The firm has identified seven criteria: individual performance, business, sickness (!), disciplinary record, versatility, contribution and potential.

Details were hammered out last week after consultation with the firm’s 13 employee representatives.

As for redundancy packages, associate salaries will continue up until the end of May, with the firm paying individuals up to three and a half weeks per completed year of service up to a maximum lump sum of 52 weeks.

The firm will additionally award staff an additional discretionary lump sum depending on seniority.

Recently DLA Piper attorneys were angered when that firm announced it was using illness as a criterion for layoffs.

Founded in 1930, Allen & Overy has approximately 5,500 staff and 31 offices worldwide. It is part of the Magic Circle of London-based law firms.

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