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...Wednesday, December 2, 2009
Two more firms have announced their bonus schedules and they’re a bit different from the Cravath scale. Sullivan & Cromwell is paying bonuses ranging from $7500 to $35,000 depending on class year. The only change is at the high end where senior associates will receive $5000 more than at firms on the Cravath scale. Patton Boggs [...]
Continue reading...Monday, November 23, 2009
First year associates at Haynes & Boone will be starting after Thanksgiving, but at a reduced rate. The firm emailed its incoming associates and informed them that the salary for first years has been cut to $145k. The firm says that it has not decided on a pay structure for 2010 yet so [...]
Continue reading...Monday, November 16, 2009
Render unto Caesar what is Caesar’s, or so the expression goes. Now Reed Smith is asking much the same of its non equity partners. Non equity partners are being asked to contribute as much as 15% of their base salary to the company or risk losing partnership status. Gregory Jordan, the firm’s [...]
Continue reading...Sunday, April 5, 2009
Dublin law firm William Fry has made 17 staff redundant, and implemented pay cuts of up to 10%. The firm, one of Ireland’s “big five” legal practices, informed its 400 staff of the decisions this weekend. The pay cuts will apply to all employees on a sliding scale. William Fry has 63 partners, and offices in Dublin and [...]
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Tuesday, January 26, 2010
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