Tom Borman, LawFuel Big Law contributor Biglaw bonus season is in full swing, with four major firms matching the lofty levels provided by Cravaths and Millbank. Cravath, Paul Hastings, McDermott, and Fried Frank have all announced bonuses ranging from $21,000 to $140,000 for associates. Cravaths kicked off the bonuses with their bonus payments, followed swiftly […]
Biglaw Bonuses Boom As Associates Cash In Up to $140K Read More »
Cravath has announced its associate bonus structure for 2024, matching the total compensation offered by Milbank earlier this month and which we reported some days ago. The bonuses include both year-end and special payments, ranging from $21,000 for first-year associates to $140,000 for the most senior associates. Cravath recently announced its latest partner intake and
Tom Borman, LawFuel contributing editor Cravath, heading the LawFuel ‘Most Prestigous Law Firm List’ has announced its new partner class for 2025, and it’s a significant step up from last year, promoting seven attorneys to partner, nearly doubling the size of its 2023 class. But one of the big questions that will be interesting to
The Big “Cravath Pay” Question For The Firm’s New Partners Read More »
Class Action Litigation Funding Moves Tom Borman, LawFuel Contributor Ambitious, class action law firm Pogust Goodhead is seeking additional funding from its financial backers to fuel its ambitious growth plans. This move comes on the heels of a substantial £550 million loan secured earlier this year, which the firm says is the most any law
Class Action Litigator Pogust Goodhead Seeks More Funding Read More »
What Happens To The Smith Prosecutions of Trump? Tom Borman, LawFuel contributor Donald Trump threatened to fire Special Counsel Jack Smith ‘within two seconds’ should he win the election. He’s won. Smith will effectively be fired. And the prosecutions will be discontinued. Special Counsel Jack Smith brought two major prosecutions against Donald Trump, one alleging
Clifford Chance Face Saudi FIFA Music Tom Borman, LawFuel contributing editor Clifford Chance has found itself a the center of a controversy surrounding Saudi Arabia’s bid for the 2034 FIFA World Cup in a particularly embarrassing scandal given the firm’s work supporting pro bono and gender equality issues. The firm’s involvement in producing an “independent”
Did Clifford Chance Score a Home Goal in FIFA Controversy? Read More »
Magic Circle Lawyer Moving Towards The US-Style Deal-Makers Tom Borman, LawFuel contributing editor Much has been written about the UK ‘law wars’ and the aggressive battle between the Magic Circle firms and their US rivals. The Financial Times has also noted an interesting merger of roles where lawyers are increasingly playing a banking role in
The Changing Role Of The Traditional Magic Circle Lawyer Read More »
The Big Money Australian Law Partners Tom Borman, LawFuel contributing editor Australian law firms have entered the big money zone that has become increasingly normal among the major big law firms in the US and UK. The dollars may be somewhat less, but the reasons for the top pay are the same: meeting the increasingly
Big Law Big Money Paydays At Top Australian Law Firms Read More »
Clifford Chance Steps Up The Lockstep Pay Tom Borman, LawFuel contributing editor It’s raining money for top legal talent and the battle for legal talent has seen Clifford Chance up the ante with a big pay change to their lockstep structure to keep legal talent in the current talent wars. The firm has changed its
Clifford Chance’s Multi-Million Dollar Payday Reset Read More »
Judge Orders Giuliani Asset Transfer Tom Borman, LawFuel contributing editor On Tuesday, a federal judge ordered Rudolph W. Giuliani to transfer most of his assets and liquid funds to a receivership controlled by two Georgia election workers he defamed after the 2020 presidential election. The orders are a further fall from grace by Giuliani following
