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International Edition

Law Firms Grapple With 'Friction' Over Nonequity Partner Pay

Pay for nonequity partners can approach or overlap with compensation of senior associates, counsel as well as some equity partners, firm leaders and consultants say.
6 minute read

Daily Business Review

Holland & Knight Matches Milbank Bonuses for Some Associates

Amid questions over how much of the Am Law 100 will pay out special bonuses for 2024, Holland & Knight matched the Milbank base bonus scale while also matching on special bonuses for some associates. But the biggest bonuses are limited to associates in large markets.
3 minute read

International Edition

Big Law Heavyweights Wrestle in High-Stakes Sale of Venezuela’s Citgo

A former Skadden, Arps, Slate, Meagher & Flom partner is managing the sale of Venezuela’s prized international asset, whose sale is being sought to settle debts owed to claimants represented by firms including Gibson Dunn & Crutcher. Concerns are mounting about the case's mounting legal costs.
4 minute read

The Recorder

Morrison & Foerster Doles Out Year-End and Special Bonuses, Raises Base Compensation for Associates

MoFo is among a handful of West Coast Am Law 200 outfits that have announced bonuses or plans to pay them out at the fiscal year’s end.
4 minute read

The American Lawyer

Elite Boutiques Competing More With Big Law Bonuses, With Several Going Above Market

The small number of boutiques offering above-market and eye-popping bonuses appears to be growing.
9 minute read

International Edition

Partner Pay Has Entered 'A Whole Different World'

Rapid changes to partner pay in Big Law will continue, experts say. Among nearly 200 firms, more than one-third plan to make changes to their equity partner compensation models over the next two years.
6 minute read

The American Lawyer

Bonus Parade Continues, With Additional Firms Matching Milbank

While firms didn't rush to match Milbank's special bonuses in August, Cleary, Davis Polk, Weil, Skadden Arps, Cadwalader, and O'Melveny are the latest to join the ranks of those matching Milbank's summer and end-of-year bonus schedule.
2 minute read

New Jersey Law Journal

Managing Partners Survey: Please Let Us Know How The Past Year Went

All responses are CONFIDENTIAL.
2 minute read

International Edition

Taylor Wessing Germany Ups Associate and Salaried Partner Pay

The move brings Germany pay closer to UK levels, where in August the firm lifted newly-qualified lawyer salaries to £115,000.
2 minute read

Corporate Counsel

Microsoft's Banner Year Pushed Brad Smith's Pay Sharply Higher

The company racked up lots of wins in the fiscal year that ended June 30, including completing its largest acquisition ever, the $69 billion purchase of Activision Blizzard—a deal Smith pushed across the finish line in October.
4 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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