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International Edition

Host of UK Firms Bolster Pay for US Associates in Bid to Match Rivals

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.
2 minute read

International Edition

Simpson Thacher to Require Four Days in US Offices in 2024

In-office mandate adherence will be a factor in overall pay for Simpson personnel, with the firm saying noncompliance could affect compensation, sources said.
2 minute read

International Edition

Layoffs at K&L Gates Hit Associates in 3 US Offices

Every year, K&L Gates manages headcount based on "personnel performance, client demand and related reviews," which typically result in "personnel decisions," the firm's representative said in a statement. Leaders declined to comment directly on the cuts.
3 minute read

International Edition

'Staggering' Jump in Law Firms Planning to Expand Nonequity Partner Ranks

The average annual growth in income partner classes at some of the most profitable firms between 2017 and 2022 was 13.4%, while at other large, two-tier partner firms, it was 4%, according to a report this week.
4 minute read

International Edition

'It Just Isn't Worth My Time' Say Slaughter and May Associates of Pro Bono

The associates say they work long hours just to do their regular work and that there's no time for hours on pro bono.
3 minute read

International Edition

Year-End Bonuses Top $300K for Several Boies Schiller Associates

The litigation shop's formula compensation system rewards associates for originating clients and contributing to contingency cases.
2 minute read

International Edition

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

International Edition

Paul Weiss, Dechert and Others Match Cravath Salary Scale

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

International Edition

Weil, Cooley and BCLP Latest Firms to Announce 2024 Partner Promotions

Most of the promotions across the three firms were in the US, but five of Weil Gotshal's promotions were in its London office.
5 minute read

International Edition

Cravath Exceeds Milbank Salary Scale for Senior Associates

Cravath said it will also match last year's year-end bonus scale, and foreign associates will receive the bonus corresponding to the calendar year in which they started. Paul Hastings and McDermott said they will match the Cravath scale.
2 minute read

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