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The American Lawyer

After Milbank Rolls Out Summer Bonuses, Big Law in 'Waiting' Mode While Associates Watch Eagerly

Many associates are asking whether their firms will give out summer bonuses, putting pressure on firms to match Milbank's bold move, one recruiter noted.
6 minute read

The American Lawyer

It's Time to Get Rid of the Black Box Model

That said, not all pay-for-performance models are created equal, either.
7 minute read

The American Lawyer

Milbank Rolls Out Summer Bonuses for Associates, Counsel

First-year associates will earn an extra $6,000, while the firm's most senior associates as well as special counsel will earn an additional $25,000.
2 minute read

New York Law Journal

How New York's Top Boutiques Are Staying Competitive in Associate Compensation and Retention

Many New York-based boutiques—like Holwell Shuster & Goldberg and Cohen Ziffer Frenchman & McKenna—are staying close to or on the Cravath scale to be able to compete with firms like Kirkland & Ellis for the best associates.
5 minute read

The American Lawyer

How Do Law Firms Incentivize Nonequity Partners to Move Up the Ladder?

Provide a clear path forward for those willing to work for it, while providing justification for eliminating those who don't.
8 minute read

The American Lawyer

Duane Morris Uses Nonequity Partnership as 'Income Shifting' Device, Class Action Contends

San Diego nonequity partner Meagan Garland also claims the firm discriminates against attorneys of color and women in compensation decisions.
5 minute read

The American Lawyer

Succession Is Inevitable—Good Succession Planning Is Not

There is mass amnesia about how fragile law firms really are. Even storied firms can collapse when their fortunes change—and fortunes can change fast.
8 minute read

The American Lawyer

Shifting Between Guarantees and Fixed Shares, Law Firms Gets Flexible in Lateral Pay

Some firms are moving between guarantees and fixed shares to pay laterals, or using a blend of both.
6 minute read

The American Lawyer

$20M and Still Going: Is Partner Pay a Bubble?

According to some industry observers, $25 million to $30 million is the new top rung for valuable laterals, high-performing partners and some Big Law leaders. It's still very rare, but not unfathomable.
6 minute read

The American Lawyer

Big Law Leader: 'Stay True to Foundational Principles'

Current trends—overpaying at the top, avoiding fundamental change, and allowing culture to take a back seat to money—do not constitute a recipe for long-term success.
4 minute read

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