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International Edition

Paul Weiss Hides Partner Pay Inside 'Black Box,' as Firm Shells Out for Top Laterals

The adoption of a nontransparent pay system comes as firm leaders seek to reduce internal tensions as the spread of compensation expands.
3 minute read

International Edition

Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb

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.
3 minute read

International Edition

Clifford Chance Eyes Lockstep Change to Better Reward Star Performers

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.
3 minute read

International Edition

'Without It, Some May Have Left': Slaughters Associate Illuminates Firm's Reduced Hours Policy

The scheme, which goes firmwide this week, offers associates "a real chance to reset their career", said Michael Craig, a disputes and investigations associate.
6 minute read

International Edition

A&O and Shearman Offer Partners Financial Incentive to Stay with Combined Firm

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.
2 minute read

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

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

Former McDermott Partner Sues Firm Over Nonequity Salary

David Huberman, now a shareholder at Greenberg Traurig and based in Tel Aviv, claims McDermott wrongly denied him a pay boost to $425,000.
2 minute read

International Edition

The Pressure to Match Associate Pay Raises

At least 70 law firms, mainly across the Am Law 100, had gone up to $215,000 or more in the previous round of associate salary hikes.
1 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

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