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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

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

International Edition

Slaughter and May Ups NQ Pay to £125,000

The hike now puts the firm in line with other elite UK firms.
2 minute read

International Edition

Where Are the Milbank Pay Matches? Mixed Market Signals Weigh on Law Firms

"It's a bit telling of how the overall market is kind of feeling at the moment. There's going to be a lot of variability in how firms perform this year," noted New York legal recruiter Scott Yaccarino.
6 minute read

International Edition

Associate Pay Raises Escalate GC Fears of Billing Rate Hikes

Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
5 minute read

International Edition

Top Performers 'Likely' To Raise Associate Pay After Milbank's Move, but Broad Hesitancy Lingers

The market hesitation was underscored by the lack of immediate, similar moves. Some firms were still waiting on other market leaders to move, sources said.
6 minute read

International Edition

Milbank Raises Associate Salaries and Announces Year-End Bonuses

The internatinal firm's chair pointed to "a very, very busy year" across the firm—one in which productivity was "materially" increased, as well as increasing cost of living.
2 minute read

International Edition

Cravath Adds Non-Equity Tier as Big Law Makes Structural Changes for Competitive Pay

Cravath has been approaching counsel-level attorneys about joining its non-equity tier since at least last summer, according to one Am Law 50 firm leader.
4 minute read

International Edition

Discovering Dissatisfaction: Why UK Associates are Unhappy

An in-depth survey of nearly 200 UK associates at large law firms has found nearly a third feel morale has dropped over the last year, with emphasis on billable hours, salary disappointment and a 'tough' office culture among the factors responsible.
8 minute read

International Edition

Paul Weiss Could Adopt Nonequity Partner Tier in 2024

The New York firm is also considering altering the portion of equity partner pay that comes from firm profits vis a vis bonuses.
4 minute read

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