Hughes Hubbard is thawing out salaries and junior associates are getting a double bump, placing them where they would have been had there been no salary freeze. Senior associates are…
Orrick presented its new compensation plan to its associates today, and there was much rejoicing. Unlike many firms that cut base salaries with discretionary bonuses, Orrick kept the $160k starting…
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…
Cleary Gottlieb Gottlieb has confirmed their bonus schedule for this year, which falls right in line with Cravath. Cravath was the first major law firm to announce its year end…
Hogan & Hartson has let go 30 senior associates this week, as part of the normal performance evaluation process. Before the layoffs the firm employed 140 senior associates, defined as…
San Francisco’s Orrick, which laid off 300 employees in March, is abandoning lock-step compensation for associates. Under a lock-step scheme, associate salaries are determined entirely by how long the associate…
Australia’s Minter Ellison has laid off 11 lawyers and 24 support staff from its Adelaide, Sydney, Melbourne and Brisbane offices. The redundancies targeted senior and junior associates in the firm’s…
A JDJournal tipster informs us that layoffs are underway at Hogan & Hartson. The layoffs include senior associates who were not up for promotions. The tipster tells us “this was…
A tipster told us in January that New York City’s Duval & Stachenfeld was laying off an undisclosed number of first and second year associates. Now a JDJournal tipster has…
New York’s Hahn & Hessen LLP has announced that Daniel M. Ford and Edward L. Schnitzer have been made partners in the firm. Both men were formerly senior associates. Ford…
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