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 [...]
Continue reading...Wednesday, January 6, 2010
Good morning! Today is Wednesday, January 6, and here’s a look back at yesterday’s news. A federal judge has upheld most of a new law regulating tobacco companies and advertising… Raymond Mullady has moved from Orrick to Blank Rome… Blank Rome in turn has lost four IP lawyers to Sterne Kessler… Dechert announced its bonuses and 2010 compensation…. and [...]
Continue reading...Monday, July 13, 2009
According to The Law Society, the representative body for solicitors in England and Wales, female solicitors earn 29% less than male colleagues in the UK. This is slightly better than the 32% difference reported for 2007. At the largest firms, the pay gap was 45% for 2008. Associates and assistants have the lowest pay gap, around 10%. There [...]
Continue reading...Monday, July 13, 2009
Addleshaw Goddard, which laid off 19 partners in February and 85 staff in May, has approved new measures to save money on compensation. Some attorneys will work a four-day week and earn 85% of their normal pay. The firm is also offering sabbaticals, or extended time off at 30% salary. Salaries have been frozen until 2010. Addleshaw Goddard [...]
Continue reading...Saturday, April 4, 2009
Dallas’ Akin Gump is altering its salary plan to reward lawyers who are on track to bill 2,000 hours by the end of the year. Those lawyers receive a supplemental payment. Those who do not will not be penalized. The firm made the announcement via e-mail Friday evening. In early March, the firm laid off 47 associates and [...]
Continue reading...Friday, December 26, 2008
The California Supreme Court has voted unanimously not to review Sturgeon v. County of Los Angeles, which means judges in the nation’s largest county may lose up to $50,000 a year in perks. The decision lets stand a lower court ruling that could void Los Angeles County’s 20-year practice of supplementing judges’ $178,000 salaries and state-provided benefits with [...]
Continue reading...Thursday, December 18, 2008
Just hours after we reported that Allen & Overy cut its associate bonuses in half, comes the news that New York’s Sullivan & Cromwell has informed its associates of the same cuts. But the firm indicated there may be additional money for them next April. In memos distributed this afternooon, firm chairman H. Rodgin Cohen and vice [...]
Continue reading...Thursday, December 18, 2008
Allen & Overy has announced its year-end bonuses for its US associates, with lawyers seeing half of what they recieved last year. The Magic Circle firm’s US lawyers will take home a bonus in the range of $17,500 to $32,500. Last year A&O lawyers took home between $35,000 and $65,000 in a January payout. Associates were also [...]
Continue reading...Thursday, December 18, 2008
Manhattan’s Cadwalader, Wickersham & Taft has announced its associate bonuses: CADWALADER, WICKERSHAM & TAFT — MEMORANDUM — 2008 ASSOCIATE BONUSES We are pleased to announce that the Firm will award year-end bonuses to associates and counsel as follows. Bonuses will be based on previously communicated criteria and are expected to be paid in January 2009. Associates who [...]
Continue reading...Wednesday, December 17, 2008
![Latham & Watkins Freezes Salaries at 2008 Levels [Update]](http://www.jdjournal.com/wp-content/themes/freshnews/thumb.php?src=http://www.jdjournal.com/wp-content/uploads/2008/12/latham_160x120.jpg&h=75&w=75&zc=1&q=95)
Los Angeles-based Latham & Watkins is freezing 2009 salaries at 2008 levels. While we anticipate that the diversity of our practices and global reach will serve us well in the year to come, it seems clear that the global economy will continue to be challenged at least through 2009. As a result, we are modifying associate compensation as [...]
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Tuesday, February 23, 2010
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