BELATED BONUS BONANZA? - And so it begins… maybe? After ceding the first-mover position to Baker McKenzie this Big Law bonus season, Cravath, Swaine & Moore rolled out its 2022 year-end bonus scale in an email to associates yesterday. As Law.com’s Dan Roe reports, the email contains a bonus scale that mirrors Cravath’s 2021 scale, which kicked off last year’s bonus season the third week of November. Once again, first-years earn a pro-rated $15,000, second-years get $20,000, and the scale increases up to $105,000 for seventh-years. However, eighth-year associates—the class of 2015—are conspicuously absent on Cravath’s 2022 bonus scale. A firm representative declined to comment on the contents of the Tuesday email. The scale also matches that of Baker McKenzie, although that firm included eighth-years’ $115,000 bonuses in its scale. Meanwhile, as Law.com’s Bruce Love reports, Boies Schiller Flexner also got in on the action yesterday, revealing a bonus scale that will see some senior associates earning as much as $165,000 if they bill more than 2,600 hours. Still, it’s otherwise been quiet on the bonus front. As we noted in this space earlier this week, many firms just may not have the appetite for big year-end payouts this year.
A FREE SPEECH SPEECH - Judge James Ho of the U.S. Court of Appeals for the Fifth Circuit is slated to talk about the state of free speech on college campuses at Yale Law School today. Why yes, that is the same Yale the judge said he was boycotting when it comes to hiring clerks. Ho will be joined by 11th Circuit Judge Elizabeth Branch, the first federal judge to publicly announce her participation in Ho’s boycott. The two Trump appointees have said their boycott is in response to Yale’s “cancel culture” and recent student protests against certain speakers. Several judges have spoken out against the boycott, with some critics saying it will only hurt conservative students attending the law school. Today’s event is titled, “Is Free Speech Dead on Campus?”
ON THE RADAR - Grant & Eisenhofer and Gardy & Notis filed a stockholder derivative action Tuesday in Delaware Court of Chancery on behalf of Jason Nusbaum and nominal defendant TuSimple Holdings Inc., a self-driving freight trucking developer. The suit pursues claims against certain current and former members of the company’s board of directors for allegedly failing to prevent the company’s former CEO, Xiaodi Hou, from misappropriating trade secrets and other assets for the benefit of competitor, Hydron Inc. Counsel have not yet appeared for the defendants. The case is 2022-1095, Jason Nusbaum v. Xiaodi Hou, et al. Stay up on the latest deals and litigation with the new Law.com Radar.
EDITOR’S PICKS
|
Value-Driven Talent Leadership: A Law Firm’s Key to Success By Jennifer Johnson and Haley Revel
|
|
Penn State President Proposes Reuniting Its Two Law Schools By Christine Charnosky
|
You Might Like
5 minute read
Trending Stories
More From ALM
5 Ways to Evaluate Your Current Training Program for Transactional AssociatesBrought to you by AltaClaroDownload Now 
The Complete Guide: Law Firm Website Essentials for 2023Brought to you by Sage Marketing SolutionsDownload Now
Premium SubscriptionWith this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.View Now Team AccountsOur Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.View Now Bundle SubscriptionsGain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.View Now From Data to DecisionsDynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.Exclusive Depth and Reach.Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.Big Pictures and Fine DetailsLaw.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.Global Leaders in Consulting (GLC) 2023February 16, 2023London The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide. Learn More Complex Claims & Litigation Forum 2023February 27, 2023 - March 01, 2023Henderson, NV Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. Learn More Women, Influence & Power in Law UK Awards 2023March 08, 2023London Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Learn More Litigation and Criminal Defense Attorney - GeorgiaEstablished, small town law firm in Athens, GA has an immediate opening for an Attorney to assist with diverse caseload. Handle Litigation i... Apply Now › Attorneys-Solicitor General DivisionAttorneys Solicitor General Division: The West Virginia Attorney General's Office is accepting applications for mid- and senior-level po... Apply Now › Commercial Unit Attorney - Procurement Policy 13601Commercial Unit Attorney - Procurement Policy 13601 Civil Service Title: Agency Attorney Level: Level 3 Division/Office: O... Apply Now › HENDRICK PHILLIPS SALZMAN & FLATT, PC02/02/2023DR Web Hendrick Phillips Salzman & Siegel, PC is proud to announce J.T. Gallagher as the firm s newest partner. View Announcement › O'CONNOR, PARSONS & LANE01/30/2023NJLJ Web O'CONNOR, PARSONS & LANE are proud to announce that R. Daniel Bause and Robert A. Ballard, III have become partners of the firm. View Announcement › POND LEHOCKY STERN GIORDANO01/26/2023TLI Web Pond Lehocky Giordano LLP would like to congratulate Jerry Lehocky and his team on PA's largest workers' compensation settlement. View Announcement › |
