Lawyer Compensation - General
-
International Edition | Features
Young Talent: Is the Allure of Big Law Enough to Silence ESG Concerns?
By Tom Parry | January 18, 2024
Top recruiters explain how environmental and social impact is of increasing importance to talented juniors—and discuss whether the attraction of high pay and kudos is enough to overcome ESG failures.
-
International Edition | Analysis
Firms Using the 'Black Box' Hope Ignorance Equals Bliss When It Comes to Partner Comp
By Justin Henry | January 16, 2024
"It is so much easier to keep people happy when they can't see someone is making more than them even though they have more in originations," said Jeffrey Lowe, recounting the message he hears from firms with opaque compensation models.
-
Paul Weiss Hides Partner Pay Inside 'Black Box,' as Firm Shells Out for Top Laterals
By Justin Henry | January 11, 2024
The adoption of a nontransparent pay system comes as firm leaders seek to reduce internal tensions as the spread of compensation expands.
-
International Edition | Analysis
Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb
By Dan Roe | January 10, 2024
Dechert has hiked its rates for top partners by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
-
Clifford Chance Eyes Lockstep Change to Better Reward Star Performers
By Krishnan Nair | January 10, 2024
With star talent exiting the firm recently, the anticipated change is expected to help it to retain its strongest performers in an increasingly monied hiring market.
-
International Edition | Features
'Without It, Some May Have Left': Slaughters Associate Illuminates Firm's Reduced Hours Policy
By Charlotte Johnstone | January 4, 2024
The scheme, which goes firmwide this week, offers associates "a real chance to reset their career", said Michael Craig, a disputes and investigations associate.
-
A&O and Shearman Offer Partners Financial Incentive to Stay with Combined Firm
By Jack Womack | December 20, 2023
The merger of the two firms is due to formally take effect in May 2024, with 99% of partners at both firms approving the plans in October.
-
Host of UK Firms Bolster Pay for US Associates in Bid to Match Rivals
By Charlotte Johnstone | December 14, 2023
Salary and bonus increases kicked off by Milbank and Cravath have caused UK firms to offer the same, meaning junior associates in the US earn almost a third more than in the UK.
-
Year-End Bonuses Top $300K for Several Boies Schiller Associates
By Dan Roe | December 4, 2023
The litigation shop's formula compensation system rewards associates for originating clients and contributing to contingency cases.
-
Former McDermott Partner Sues Firm Over Nonequity Salary
By Patrick Smith | November 30, 2023
David Huberman, now a shareholder at Greenberg Traurig and based in Tel Aviv, claims McDermott wrongly denied him a pay boost to $425,000.
More From ALM
View Now
View Now
View Now
New York, NY
Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.
Learn More
New York, NY
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
Learn More
London
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
Learn More
The New Jersey State Commission of Investigation (SCI) is seeking an experienced and visionary leader to serve as its next Executive Directo...
Apply Now ›
We are a boutique firm specializing the area of real estate law and handling both litigation and transactional matters. We are seeking an as...
Apply Now ›
Rabb, Hamill, P.A, located in Woodbridge, NJ, seeks an experienced NJ licensed Personal Injury Trial attorney. The successful candidate wi...
Apply Now ›