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Home » Posts tagged with » merit-based bonuses

Spring Bonuses at WilmerHale

Spring Bonuses at WilmerHale

Like so many of its counterparts, WilmerHale announced that associates will receive a spring bonus to be paid on April 29.  Most firms have followed the scale set by Cravath,…

Snell & Wilmer Decimates Associate Salaries

Snell & Wilmer Decimates Associate Salaries

Phoenix, Arizona’s Snell & Wilmer, which in May laid off between 30 and 40 staff members, has now cut associate salaries by 10% across the board. The pay cuts are…

Frost Brown Todd Cuts Incoming Associate Salaries

Frost Brown Todd Cuts Incoming Associate Salaries

Incoming associates at Cincinnati’s Frost Brown Todd will get a lower salary, although specific numbers have not been released. In addition, the new associates will spend their first 1,000 hours…

Kilpatrick Stockton Cuts Associate Pay

Kilpatrick Stockton Cuts Associate Pay

Kilpatrick Stockton will cut associate salaries by 10%, effective July 1st. So, Happy Independence Day! Starting pay for associates will be cut from $145,000 to $130,000 in Atlanta and North…

Sonnenschein to Slash Associate Pay [Update]

Sonnenschein to Slash Associate Pay [Update]

Sonnenschein Nath & Rosenthal plans to cut associate salaries, beginning June 1st. First year salaries, previously a Biglaw standard $160,000, will be reduced to $145,000. Sonnenschein seeks to make associate…

Skadden Freezes Salaries for Counsel

Skadden Freezes Salaries for Counsel

New York’s Skadden has announced it will not raise salaries for counsel in 2009. Associates will not be affected. The firm still intends to offer discretionary, merit-based bonuses. Skadden is…

Linklaters Cuts Pay for Incoming Associates

Linklaters Cuts Pay for Incoming Associates

Linklaters is cutting pay for starting lawyers, and shrinking salary increases. The firm will pay new lawyers £61,500 ($91,300), down from £66,600 pounds in 2008. Associates will get salary increases…

Chadbourne & Parke Cuts Associate Salaries

Chadbourne & Parke Cuts Associate Salaries

Chadbourne & Parke, which laid off 25 lawyers last month, has informed its attorneys and staff that salaries will be reduced starting in May. Details and numbers have not been…

Simmons & Simmons Freezing Associate Pay

Simmons & Simmons Freezing Associate Pay

London’ Simmons & Simmons is freezing associate pay starting May 1st. The firm is creating a special bonus pool to reward top performers. The City firm has not yet decided…

Morgan Lewis Adopts Merit-Based Bonuses

Philadelphia’s Morgan Lewis & Bockius will adopt a merit-based bonus system for associates in 2009. The firm is doing away with its requirement that associates log 2,000 billable hours in…

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