Tag Archive | "associates"

King & Spaulding Reveals New Pay Scale & Bonuses

Thursday, March 11, 2010

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King & Spaulding Reveals New Pay Scale & Bonuses

King & Spaulding has revealed its new 2010 pay scale and bonuses according to law.com and the Fulton County Daily Report.  Associate pay ranges from $135,000 for a first year to $190,000 for an eighth year in the new pay scale. Each associate class is receiving $10,000 less than the old pay scale of 2008. [...]

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Seyfarth Releases Details about It’s Merit-Based Plan

Friday, February 26, 2010

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Seyfarth Releases Details about It’s Merit-Based Plan

Seyfarth Shaw has released more details about its move to a merit-based associate compensation plan. This plan will be phased in over several months in 2010 and place associates in three different tiers or “bands”. The tiers are the rough equivalent to junior, mid level and senior associate positions at big firms. Instead of seniority [...]

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Morning Roundup

Tuesday, February 23, 2010

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Morning  Roundup

Good morning everyone! Today is Tuesday, February 23, and here’s a look back at yesterday’s stories… Steve Epstein joined Fried, Frank, Harris, Shriver & Jacobson as a partner… Albert P. Halluin, Senior Counsel at Wilson Sonsini Goodrich & Rosati, passed away in a plane crash last Friday… Kirkland & Ellis reported increases in  profits and revenues in 2009… Mayer [...]

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Morrison & Foerster Raise First-Year Salaries Back to $160,000

Friday, February 19, 2010

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Morrison & Foerster Raise First-Year Salaries Back to $160,000

Morrison & Foerster will return first year salaries to $160,000 after lowering them late last year. The firm lowered starting salaries to $145,000 beginning last October outside of New York and Asia. In a memo to associates on Tuesday Chairman Keith Wetmore said, “Although a great deal of uncertainty continues regarding how the economy will [...]

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Morning Roundup

Friday, February 5, 2010

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Morning Roundup

Good morning everyone! Today is Friday, February 5, and here’s a quick look back at yesterday’s headlines. Tycko & Zavareei filed a class action suit against Fifth Third Bank… Pillsbury gave raises (sort of) and bonuses… Gardere Wynne added four attorneys to their roster… Morrison & Foerster hired Joe Calve as their Chief Marketing Officer… Danna McKitrick attorney Ruth Binger [...]

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Cravath Confirms: No Partners to be Named in 2009

Wednesday, December 23, 2009

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Cravath Confirms: No Partners to be Named in 2009

Making partner at a big New York firm has been a possibility for only the shining stars of the legal profession. In this recession, however, the chances of becoming partner have quickly gone from bad to worse. At many prominent firms, the number of new partners has significantly dropped: four at Cleary Gottlieb [...]

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Bryan Cave Pays Associates to Not Come to Work

Thursday, September 3, 2009

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Bryan Cave Pays Associates to Not Come to Work

In 1933 the Federal Government began paying farmers to not grow crops, in the hopes that reducing the supply would stabilize prices and help spur recovery from the Great Depression. Today, Bryan Cave becomes the third law firm to pay lawyers not to work. Certainly the goals of the Federal Government differ from [...]

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Bass Berry Associates Complete Training Program

Tuesday, August 18, 2009

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Bass Berry Associates Complete Training Program

Nashville, Tennessee’s Bass, Berry & Sims has announced the completion of its first associate litigation training program, culminating in full-scale mock jury trials at Vanderbilt University Law School. The six-month program was designed to provide associates with direct litigation, trial advocacy, and jury persuasion experience. The goal of the training is to prepare associates to become [...]

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Rumor: King & Spalding Turning Associates into Staff Attorneys [Update]

Saturday, August 8, 2009

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Rumor: King & Spalding Turning Associates into Staff Attorneys [Update]

A JDJournal tipster informs us that Atlanta’s King & Spalding, which laid off 37 lawyers and 85 staff in March, is “converting a significant number of associates to staff attorneys.” That’s all the information we have at the moment. If you know anything about the situation at King & Spalding, please — send us a confidential [...]

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Orrick Abandons Lock-step Compensation for Associates

Wednesday, July 1, 2009

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Orrick Abandons Lock-step Compensation for Associates

San Francisco’s Orrick, which laid off 300 employees in March, is abandoning lock-step compensation for associates. Under a lock-step scheme, associate salaries are determined entirely by how long the associate has been with the firm. Orrick’s new compensation model places associates on the partner track into one of three levels: Associate, Managing Associate, and Senior Associate. Compensation [...]

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