WilmerHale is abandoning lockstep compensation and adopting a merit based three tiered system that should look familiar to anyone that’s read these pages over the past few months. The new…
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…
Stick this one in the “It could be worse…” file. At an all associates meeting today, Covington & Burling announced a freeze on associate salaries for all offices other than…
Do you wake up every morning hoping that today will be the day that your firm will improve attorney development, and strengthen its ability to recruit, retain and develop the…
Good morning! Now that the weekend is behind us, here’s a quick look at Friday’s stories. New associates at Sidley’s Washington DC office are being offered the chance to start…
Yesterday evening King and Spalding announced that they were freezing associate salaries and that individual bonuses would be subject to market review. King and Spalding was founded in Atlanta, Georgia,…
Top Birmingham, UK law firm Wragge, which just announced a redundancy consultation targeting 85 and a salary freeze, happened to mention to the press that it is interested a merger.…
Pinsent Masons is holding a redundancy consultation. It has not announced how many positions have been targeted. The firm employs almost 1,000 lawyers globally, including 275 partners; and 1,600 staff.…
A JDJournal tipster says he or she is the latest victim of stealth layoffs at intellectual property firm Sughrue Mion: I am, perhaps, the latest casualty of Sughrue. It is…
Top Birmingham, UK law firm Wragge has announced a redundancy consultation, targeting 85 fee earners, support staff and secretaries. It has also implemented a salary freeze. The firm is also…
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