Cleary Gottlieb Steen & Hamilton LLP has made headlines with its readiness to offer up to $20 million for lateral partner hires as the intensely fought lateral-hiring frenzy continues unabated among big law firms. The development not only underscores the firm’s commitment to competing at the highest levels of the legal market but it underscores […]
We reported on Dallas-based litigation boutique McKool Smith hitting one of the top spots in the ‘big law salary scale’ even though the firm is yet to hit the ‘big firm’ ranking with its 130 lawyer-strong team. But McKool Smith, billing itself as a ‘Powerhouse Litigation Firm’, which specializes in high-stakes patent cases and other
Litigation Powerhouse On Track For Mid-Year Bonus Payouts Read More »
Will the London Law Salary War Polarize Law Firms? As more law firms continue to ratchet up their pay rates in the London legal market there is only going to be increased competition for legal talent in London with salaries reaching what the Financial Times called ‘insane’. The salary increases for newly qualified lawyers at
US law firm Sidley Austin has raised the compensation for its newly qualified associates in London to compete with the other mainly US-based law firms boosting law firm pay levels in the London legal talent war. Their base salaries have increased from £166,500 to £175,000, an additional £8,500 or 5% hike effective July 1st. The
Sidley Austin Boost NQ Salary Levels in London Legal Talent War Read More »
The Paul Weiss Mega-Million Talent Raid Ben Thomson, LawFuel contributing writer Of all the big-money, Big Law talent raids in recent times, it has been Paul Weiss Rifkind Wharton & Garrison – aka Paul Weiss – who have been paying millions to recruit legal talent in an intense talent war for top dealmaking lawyers. We
Pay to Slay: Paul Weiss Rifkind Wharton Garrison Hiring Frenzy Read More »
The $20 Million Payday Deals Albert Goodwin, LawFuel contributing editor Although ‘lateral’ may mean ‘sideways’, it certainly means ‘UP’ when it comes to lawyer compensation as some of the lateral transfers now occurring among big law firms see the big law pay scale rise to $20 million or more. Heady stuff. The pressure is on
Big Law Pay Scale A Millionaire Maker or Partnership Breaker? Read More »
The NQ Associate Battleground UK law firms are risking future growth prospects with their mounting pay for associates, according to a report in BloombergLaw, quoting various law firm recruiters and others on the London pay battleground that we have been reporting on for some months. The pay rises in recent months have been significant: Linklaters
UK Law Firms Risk Growth in Fueling Associate Pay War Read More »
Law Firm Pay Changes Albert Goodwin, LawFuel contributor Davis Polk chair, Neil Barr, sees the next 18 months as a key period that will reshape the legal industry landscape with increased lateral hiring and changes to law firm pay models, according to a report in Bloomberg Law. Lawfuel reported on the lateral recruitment move in
Big Law Changes For Law Firm Pay and Lateral Hires Read More »
How Much Do Law Firm Partners Bank Each Year? Albert Goodwin, law firm business writer The question of what the law firm partner salary level is intrigues some and bewilders others, with compensation figures often confidential. The issue is therefore more complex and partner earnings can fluctuate not only due to economic factors, but also
Law Firm Partner Salary Update: What Are They Earning? Read More »
Davis Wright have provided million dollar a year profits for partners and boosted the big law pay scale rankings for the firm
