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...Friday, February 19, 2010
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 [...]
Continue reading...Monday, December 28, 2009
Mayer Brownassociates got the news on Christmas Eve – the firm is matching the Cravath bonus scale. $7500 for first years, $30k for senior associates and the same sliding scale in between. What associates have not yet been told is whether or not they’re getting a pay raise next year. Mayer Brown [...]
Continue reading...Monday, November 30, 2009
In April, Chadbourne & Parke cut associate salaries and promised that some or all of the money would be returned based on each associates contribution to the firm. Now it appears that all of the money cut from salaries will be restored in a lump sum payment in early 2010. On the one [...]
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...Thursday, February 19, 2009
Tipsters to Above the Law report that “at least 50″ lawyers and staffers have been laid off from Thompson Hine. The sources claim that 12 lawyers, 5 paralegals, and 29 secretaries have been laid off from the firm’s Ohio offices. There is also the claim that the firm has cut every associate’s salary by $20,000 per year. Founded [...]
Continue reading...Thursday, January 29, 2009
Boston’s Bingham McCutchen is not only Fortune Magazine’s #1 top-paying company, it’s also on their 100 Best Places to Work. For the second year in a row, this law firm is the top-paying Best Company to Work For. Lawyers fresh out of school get starting salaries of $160,000 a year, topped off with fat bonuses. (Non-attorneys [...]
Continue reading...Monday, January 5, 2009
The Legal Geekery Blog presents 9 Reasons Not to Attend Law School. A highlight: 5. It’s Grammar School All Over Again See if you can pick out any similarities: First year, you don’t get to pick any of your classes or professors, it’s all assigned to you before you get there, and you have no way [...]
Continue reading...Monday, December 29, 2008
Frisco’s Orrick, Herrington & Sutcliffe LLC will freeze associate and consultant salaries in 2009. Associates were notified by the following e-mail, sent to Legal Times by Orrick’s Adi Weisman: …associates in the U.S. and Europe, and associates, senior consultants and consultants in Asia, will receive the same salary in 2009 as you received in 2008… of [...]
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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