By Patrick Smith | Justin Henry | November 29, 2023
Paul Weiss and Baker McKenzie also said they will pay "discretionary" or "premium" bonuses for high-performers.
By Patrick Smith | November 28, 2023
Cravath said it will also match last year's year-end bonus scale, and foreign associates will receive the bonus corresponding to the calendar year in which they started. Paul Hastings and McDermott said they will match the Cravath scale.
By Charlotte Johnstone | November 17, 2023
The hike now puts the firm in line with other elite UK firms.
International Edition | Analysis
By Andrew Maloney | November 15, 2023
"It's a bit telling of how the overall market is kind of feeling at the moment. There's going to be a lot of variability in how firms perform this year," noted New York legal recruiter Scott Yaccarino.
International Edition | Analysis
By Andrew Maloney | Chris O'Malley | November 13, 2023
Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
International Edition | Analysis
By Andrew Maloney | Jessie Yount | November 8, 2023
The market hesitation was underscored by the lack of immediate, similar moves. Some firms were still waiting on other market leaders to move, sources said.
By Andrew Maloney | November 7, 2023
The internatinal firm's chair pointed to "a very, very busy year" across the firm—one in which productivity was "materially" increased, as well as increasing cost of living.
By Justin Henry | Patrick Smith | November 7, 2023
Cravath has been approaching counsel-level attorneys about joining its non-equity tier since at least last summer, according to one Am Law 50 firm leader.
International Edition | Features|Research
By Charlotte Johnstone | November 7, 2023
An in-depth survey of nearly 200 UK associates at large law firms has found nearly a third feel morale has dropped over the last year, with emphasis on billable hours, salary disappointment and a 'tough' office culture among the factors responsible.
By Justin Henry | October 25, 2023
The New York firm is also considering altering the portion of equity partner pay that comes from firm profits vis a vis bonuses.
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