Good morning everyone! Today is Friday, March 12, and here’s a quick look back at yesterday’s news… The Asian Pacific American Legal Center files a lawsuit against Trinity Law Associates for allegedly defrauding 30 Korean immigrants… King & Spaulding reveals a new pay scale and bonuses… Former U.S. Senators Lott and Breaux are in talks with Patton Boggs… Snell [...]
Continue reading...Thursday, March 11, 2010
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. [...]
Continue reading...Friday, February 5, 2010
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 [...]
Continue reading...Friday, January 29, 2010
Vinson & Elkins associates are having their salaries thawed out and returned to where they would have been without the salary freeze. This puts V&E at the top of the muddled salary market. UPDATE: We’ve received tips saying that only New York associates are getting the salary boost. If you have any hard information [...]
Continue reading...Tuesday, January 26, 2010
If you’re a Chadbourne & Parke associate, we urge you to resist the temptation to gloat a little when talking to friends at other firms today. If you’re friends with a Chadbourne associate, we recommend you change your lunch plans. Starting from the small stuff and working our way up to the good stuff, Chadbourne [...]
Continue reading...Monday, January 25, 2010
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 splitting the difference, with the class of 2004 and beyond getting bumped up but not quite as far. Of course, this further muddies [...]
Continue reading...Wednesday, January 20, 2010
Goodwin Procter is paying 2009 bonuses to its associates who hit their billable hour goal of 1850 hours, maybe. Bonuses will more or less match the Cravath bonus scale, maybe. If the firm feels like it. Associates that billed 1850 hours will be considered for, but not guaranteed a bonus, and the [...]
Continue reading...Wednesday, January 13, 2010
Kaye Scholer is cutting first year associate salaries to $145k, but unlike many other firms they aren’t doing it under the guise of abandoning lockstep compensation. Additionally, any associate that hits their billable hour target by December will be getting a bonus that should bring them back to or above $160k. In the [...]
Continue reading...Thursday, January 7, 2010
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 $15k bonus. First years in the New York office will continue to receive $160k. Salaries for 2010 have not yet been set and for [...]
Continue reading...Thursday, January 7, 2010
Good morning everyone! Today is Thursday, January 7. Here’s a look back at yesterday’s news. Rose Walker has two new attorneys… The prop 8 trial in California will be broadcast via youtube…. Gibson Dunn received an award for best litigation firm… Archer & Greiner picked up a former D.A.… More law firm mergers are expected this year after [...]
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Friday, March 12, 2010
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