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The American Lawyer

Law Firms Grapple With Nonequity Partner Pay ‘Friction’

Pay for nonequity partners can approach or overlap with compensation of senior associates, counsel as well as some equity partners, firm leaders and consultants say.
6 minute read

The American Lawyer

As Bonus Pools Expand, Challenges Grow in Partner Compensation

While partner bonuses remain a strong and flexible tool to reward lawyers, the more firms lean on them, the more likely it is they can cause confusion or dismay, some observers say.
7 minute read

Lean Adviser

6-48. It’s Comp Time Again: How To Crush Your Comp Memo

For many of our readers it’s self-evaluation season. The obvious question is where do you start? Should you just dive straight in and write your magnus opus? Here’s a better idea, your home for legal practice guidance is always Lean Adviser, and here is our killer checklist for completing your self-evaluation form.
3 minute read

Corporate Counsel

Legal Departments Dinged for Acquiescing to Rate Hikes That 'Defy Gravity'

Thomson Reuters' newly released State of the Legal Market report says 2024 was "an incredibly successful year for firms from a rate-setting perspective."
4 minute read

Daily Business Review

Holland & Knight Matches Milbank Bonuses for Some Associates

Amid questions over how much of the Am Law 100 will pay out special bonuses for 2024, Holland & Knight matched the Milbank base bonus scale while also matching on special bonuses for some associates. But the biggest bonuses are limited to associates in large markets.
3 minute read

The American Lawyer

Top Earner Pay Nearly Halved at Pinsent Masons

While the firm has improved turnover and profit, it has also seen staff costs increase, a trend seen across London.
2 minute read

Daily Report Online

Few Atlanta-Centric Law Firms Expected to Pay Associate Bonuses at Market Scale

“In return, associates in these locations get better work-life balance and an arguably easier path to partnership," said an Atlanta-based recruiter.
5 minute read

The American Lawyer

The American Lawyer's Top Stories of 2024

From partnership changes to GenAI, here are some of The American Lawyer's most-read stories of the year.
1 minute read

Daily Report Online

Alston & Bird Matches Market Rate for Associate Bonuses

Alston & Bird is the latest law firm to match the market rate for associate bonuses.
2 minute read

National Law Journal

Arnold & Porter Matches Market Year-End Bonus, Requires Billable Threshold for Special Bonuses

Arnold & Porter said Monday it will give its associates market year-end bonuses, in addition to handing out special bonuses to associates who achieve at least 2,200 hours during the calendar year, 2,000 of which must be billable.
3 minute read

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