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How Some Big Law Firms Can Afford Associate Salary Raises
Most of the law firms that have confirmed matches to the latest associate salary scale have PEP above $2 million a year and more than $1 dollars in gross revenue.
Despite Expense 'Dent' From Pay Raises, Law Firms Expect to See Rebound in Transactional Practices
Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
Full Circle: Milbank Matches Latest Associate Pay Scale
Milbank's mid and senior associates are getting another pay raise.
Trial Firms Starting to Match or Exceed Big Law Salary, Bonus Scales for Associates
Litigation boutiques and other small firms compete for the same top law students as Big Law, so they are likely to move to the new, higher market salary and bonus scales for associates.
'Not A Rosy Outlook': Law Firm Leaders Are Less Bullish Heading Into 2024
Even before some firms embraced associate salary increases, the legal industry appeared less optimistic heading into 2024 than they were going into 2023, according to a recent survey.
Law Journal Press | Digital Book
District of Columbia Legal Malpractice Law 2024
Authors: Shari L. Klevens, Alanna G. Clair
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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.
'Smaller Group' of Law Firms May Match Associate Pay Scale This Time Around
Second Hundred law firm leaders said that, while they keep tabs on top-of-the-market compensation, they don't feel compelled by it.
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.
Paul Weiss, Dechert, Hogan, Proskauer and Baker McKenzie Match Cravath Salary Scale
Paul Weiss and Baker McKenzie also said they will pay "discretionary" or "premium" bonuses for high-performers.
Cravath Exceeds Milbank Salary Scale for Senior Associates
Paul Hastings and McDermott said they will match the Cravath scale.TRENDING STORIES
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