Milbank will pay associate bonuses on what is rapidly becoming known as the Cravath scale. For the second year in a row, Cravath started bonus season off with bonuses far below…
Good morning everyone! Today is Wednesday, November 24th. Here’s a quick look back at yesterday’s headlines. The exchange of artillery fire between North and South Korea set the stage for China…
Last year, Cravath kicked off the bonus season with a bonus schedule that represented huge cuts from previous years. Most firms followed behind, although some firms took the Sullivan &…
Billable hours will no longer be the deciding factor in determining associate bonuses at the London office of magic circle firm Clifford Chance. A firm spokesperson told LegalWeek that while billable…
Wilson Sonsini is thawing salaries, and using the Cooley Godward model. First years are getting $160k, third years are making $170k (had their been no salary freeze they would be…
Hughes Hubbard is thawing out salaries and junior associates are getting a double bump, placing them where they would have been had there been no salary freeze. Senior associates are…
Pillsbury’s first year associates outside of New York are receiving a salary cut, down to $145k. Any first year that bills in excess of 1950 hours will receive an additional…
Los Angeles based Irell & Manella gave its associates the good news last week. The firm is paying double the Sullivan & Cromwell scale, which is the Cravath scale with…
Dechert is paying year end bonuses that should, by now, look familiar to those following the industry. Like many of its contemporaries, the firm is matching the Cravath bonus scale,…
At the start of 2009 Arnold & Porter announced that it was freezing salaries but held out the hope that some or all of the difference might be paid out…
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