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December 06, 2001 |

VLG Slashes Salaries for Associates

Grappling with a double-digit decline in revenues, Venture Law Group has slashed base salaries for associates and will attempt to make up the slack by giving junior lawyers a greater share of the firm's profits. The Menlo Park, Calif.-based corporate boutique reduced first-year salaries to $100,000 from $125,000 and cut base pay for third-years to $115,000 from $150,000.
4 minute read
February 13, 2003 |

A Daring Venture

Conventional wisdom would say this is the worst time for Reed Smith Crosby Heafey to roll out a venture capital and technology group. But to Gregory Beattie, an Oakland partner who heads Reed Smith's recently formed 20-attorney group, it's all a matter of perspective. The firm is attempting to take advantage of the glut of available talent caused by recent layoffs and expand despite the economic lull.
4 minute read
October 02, 2007 |

D.C. Firms Assess Price of Keeping Up With Next Round of Associate Raises

Eight months after Simpson Thacher raised starting salaries for first-year associates to $160,000, salaries for first-years at most of the 200 largest firms nationwide remain bunched at that rate. What New York firms had hoped was a raise too rich for out-of-town competitors with more pedestrian profits instead looks to be a failed attempt to segment the market. And now firms are bracing for another round of raises, probably ignited by a New York corporate firm looking to up the bidding war for talent.
10 minute read
December 22, 2009 |

For Associates, a Decade of Thrills and Chills

It was a wild ride for associates at big law firms during the first decade of the century. In the end, most everyone was a little queasy from the experience.
9 minute read
December 21, 2009 |

For Law Firm Associates, It's Been a Decade of Thrills and Chills

It was a wild ride for associates at big law firms during the first decade of the century. In the end, most everyone was a little queasy from the experience. Between 2000 and 2009, law firms doled out jaw-dropping bonuses, lavished benefits and hiked first-year salaries to a point that drew the envy of federal judges. The decade also featured mass job cuts, pay reductions and a decided shift in power for recent law graduates, many of whom, at decade's end, were clamoring for even part-time work at living-wage levels.
9 minute read
November 05, 2004 |

The Firm Reports: From G to M

131 minute read

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