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December 07, 2021 | The American Lawyer

Law Firms Stalled After Cravath Bonus, but Fall in Line to Follow Davis Polk

"Davis Polk, if not the emergent leader this year in compensation, is absolutely a frontrunner in setting the compensation scale," said New York legal recruiter Sharon Mahn.
3 minute read
December 07, 2021 | Law.com

Lockstep's Latest Loss, 1st Circuit Questions Judicial Corruption, Firms' Innovation Stagnation: The Morning Minute

Want to get this daily news briefing by email? Here's the sign-up. WHAT WE'RE WATCHING LOCKSTEPPING AWAY - The lockstep model might be the…
3 minute read
December 06, 2021 | The American Lawyer

In the Midst of a Talent War, Lockstep Can't Last—Even at Cravath

The evolution of new leading law firms, and the types of legal work that lead to great profits, have allowed non-lockstep firms to change the game.
10 minute read
December 06, 2021 | The Recorder

In the Midst of a Talent War, Lockstep Can't Last—Even at Cravath

The evolution of new leading law firms, and the types of legal work that lead to great profits, have allowed non-lockstep firms to change the game.
10 minute read
December 06, 2021 | The American Lawyer

Paul Weiss, Paul Hastings and Debevoise Match Davis Polk Bonuses

The news comes just weeks after Paul Weiss implemented discretionary bonuses for top performers.
3 minute read
December 06, 2021 | The American Lawyer

Cravath Adopts Modified Lockstep Compensation System

After close to 50 years of a pure lockstep compensation system, an internal memo says the firm is making the change to advance its strategy.
2 minute read
December 06, 2021 | The American Lawyer

Davis Polk Matches Cravath and Adds 20% 'Special Bonus'

Several firms have already matched Cravath, this year's first mover, but some were waiting to see if another elite firm would do even more.
2 minute read
December 03, 2021 | Litigation Daily

Litigator of the Week(s) Runners-Up and Shout Outs

Our first runners-up this week are lawyers from Gibson, Dunn & Crutcher and co-counsel Josh Dubin who scored a $441 million settlement this week for their clients, the founders and early employees of the popular dating app Tinder.
8 minute read
December 02, 2021 | The American Lawyer

Kirkland's Shorter Partner Track Will Likely Make Waves, Industry Watchers Say

Kirkland & Ellis' decision is seen by some as yet another lever in the intense talent war that has engulfed the industry.
4 minute read
December 02, 2021 | New York Law Journal

Kirkland's Shorter Partner Track May Catch On As Talent War Rages, Industry Watchers Say

Attorneys across Big Law lament that the road to equity partnership is only getting longer.
4 minute read

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