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December 13, 2023 | Law.com

Recruiting and Retaining Talent: Advantages of a Two-Tier Partnership Structure

While the one-tier partnership model ruled for a long period of time, today's competitive challenges exposed its limitations, particularly in terms of talent recruiting and retention, as well as client acquisition.
7 minute read
December 12, 2023 | The American Lawyer

How Some Big Law Firms Can Afford Associate Salary Raises

Most of the law firms that have confirmed matches to the latest associate salary scale have PEP above $2 million a year and more than $1 dollars in gross revenue.
5 minute read
December 11, 2023 | Texas Lawyer

Susman Godfrey Smashes Market Bonus Scale, Paying Senior Associates More Than Triple

Finishing up a year when revenue will set a record, Susman Godfrey will pay 'special' bonuses to every employee at the trial firm.
3 minute read
December 07, 2023 | Litigation Daily

Why Elite Trial Firms Compete in the Associate Salary and Bonus Game

A whole host of trial-centric firms have met or exceeded the Big Law scale set by Cravath, Swaine & Moore. Here's a look at how and why.
4 minute read
December 06, 2023 | The American Lawyer

Despite Expense 'Dent' From Pay Raises, Law Firms Expect to See Rebound in Transactional Practices

Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
6 minute read
December 05, 2023 | The American Lawyer

Full Circle: Milbank Matches Latest Associate Pay Scale

Milbank's mid and senior associates are getting another pay raise.
2 minute read
December 05, 2023 | The American Lawyer

Trial Firms Starting to Match or Exceed Big Law Salary, Bonus Scales for Associates

Litigation boutiques and other small firms compete for the same top law students as Big Law, so they are likely to move to the new, higher market salary and bonus scales for associates.
4 minute read
December 01, 2023 | National Law Journal

Covington Matches Latest Salary Scale for Associates

While Covington may be one of the first D.C. firms to match, other profitable firms in the capital region are likely to follow.
2 minute read
November 30, 2023 | The American Lawyer

Kirkland, Quinn, Davis Polk, Wachtell and Sidley Line Up to Match Cravath Salary Scale

Quinn Emanuel, which is matching the latest base salary scale and bonuses, is expecting profits to increase more than 20% this year.
5 minute read
November 29, 2023 | The American Lawyer

Paul Weiss, Dechert, Hogan, Proskauer and Baker McKenzie Match Cravath Salary Scale

Paul Weiss and Baker McKenzie also said they will pay "discretionary" or "premium" bonuses for high-performers.
3 minute read

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