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A crack in the wall: how Wall Street's elite firms are being put to the test
The once-impenetrable facade of some of the sturdiest law firms in the US is showing signs of wear in the face of shifting financial markets. Now these firms are being forced to confront a once-foreign concept: competition.Linklaters follows magic circle rivals in raising US associate pay to Cravath heights
Pay hike for US associates brings firm in line with magic circle rivalsJapan's largest law firm to open nine-lawyer base in New York
Nishimura & Asahi, Japan's largest domestic firm by lawyer headcount, makes US playJapan's Nishimura & Asahi to Launch in New York
The New York office will launch this fall with nine lawyers relocating from the firm's existing global offices and will be headed by senior corporate partner Katsuyuki Yamaguchi.Latham leads latest US firms matching top-of-the-market associate rates in London
Transatlantic trio match Cravath's associate pay rise in the UK and USWhite & Case boosts New York associate salaries to match Cravath but freezes London rates
UK associates will see salary bands frozen while those in the US will receive Cravath's increasesWhite & Case Boosts New York Associate Salaries to Match Cravath but Freezes London Rates
U.K. associates will see salary bands frozen while those in the U.S. will receive Cravath's increases.Reed Smith, Citing 'Interests of Clients,' Won't Increase Associate Salaries
While the firm is keeping its options open, the head of legal personnel said it has decided to hold salaries steady for now.Kirkland matches Cravath's associate pay rates for UK associates
Kirkland hikes pay for UK associates to match top-of-the-market rates set by CravathReed Smith opts against associate salary hikes, holding rates steady in all offices
US firm decides against matching rivals after "considering interests of clients"Trending Stories
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