Associates

Associate pay hikes gather steam after Cravath announcement; which law firms have matched?

Associates at several BigLaw firms are getting pay hikes, thanks to an announcement Tuesday by Cravath, Swaine & Moore.

Nov 30, 2023 2:23 PM CST

Cravath finally announces associate raises, and they partly surpass Milbank scale

It took three weeks of waiting after Milbank announced bonuses and raises for associates. But now, Cravath, Swaine & Moore has stepped into the BigLaw breach with its announcement.

Nov 28, 2023 4:09 PM CST

Layoffs unlikely as law firms see increased revenue from rate hikes, Wells Fargo official says

Law firm revenue increased 4.6% through the third quarter of the year, thanks to a hike in billing rates, according to a survey of more that 120 firms by Wells Fargo’s Legal Specialty Group.

Nov 17, 2023 11:57 AM CST

In ‘a bold move,’ Milbank announces associates will get raises along with bonuses

Milbank announced Tuesday that it is matching last year’s year-end bonuses while also giving annual raises of $10,000 to its associates beginning Jan. 1.

Nov 7, 2023 3:49 PM CST

Lawyer hiring slows as firms strive for greater profits, according to Thomson Reuters report

Law firms eased up on hiring first-year associates in the third quarter to curtail expense growth, according to a new Thomson Reuters report published Monday.

Nov 6, 2023 2:40 PM CST

17% of BigLaw lawyers and employees feel emotionally depleted by work, survey finds

BigLaw associates are at a higher risk of burnout than their colleagues, according to a survey of lawyers and employees at six large U.S. law firms.

Nov 2, 2023 3:07 PM CDT

Full BigLaw associate bonuses may not be for everybody

Large law firms will likely continue to pay annual associate bonuses ranging from $20,000 to $115,000 this year, the going rate since 2021.

Oct 31, 2023 9:26 AM CDT

After end to merger talks, Stroock loses more than half of its partners; is law firm’s viability at risk?

More than 30 partners at Stroock & Stroock & Lavan are joining Hogan Lovells, a number that amounts to more than half of Stroock's partnership.

Oct 30, 2023 9:25 AM CDT

Where are they now? Law student tracks lawyers from disbanded Dewey firm, finds no ‘scarlet letter’

A law student who tracked lawyers from the disbanded law firm Dewey & LeBoeuf found little evidence that the stigma was a “scarlet letter” harming their careers.

Oct 30, 2023 8:19 AM CDT

Fired BigLaw associate alleges evaluation was defamatory, detractors caused emotional distress

A fired associate at Wilmer Cutler Pickering Hale and Dorr has filed a pro se lawsuit alleging that the law firm discriminated against him because of his Cameroonian origin and defamed him in two evaluations.

Oct 25, 2023 9:24 AM CDT

Citing its ‘value system,’ Davis Polk rescinds 3 job offers over groups’ anti-Israel statements

Davis Polk & Wardwell has rescinded job offers to three law students who participated in or had leadership positions in groups that issued statements siding with Hamas in its attack on Israeli citizens.

Oct 18, 2023 9:23 AM CDT

Quinn Emanuel announces special fall bonuses after ‘fabulous year’

Associates at Quinn Emanuel Urquhart & Sullivan will be paid special fall bonuses ranging from $2,120 to $32,908.

Oct 16, 2023 10:22 AM CDT

Labor activist Dolores Huerta urges attorneys to ‘get involved in civic life’

Labor rights icon Dolores Huerta has simple but sage advice for attorneys: Get engaged in your community. “We need more attorneys to get involved in civic life and be out there with the rest of us, doing the work that we need to get people elected and to change the laws, do the advocacy that we need.”

Oct 12, 2023 2:21 PM CDT

Winston & Strawn rescinds NYU law student’s job offer over ‘inflammatory’ Israel comments

Winston & Strawn has rescinded a New York University School of Law student’s job offer after learning about anti-Israel comments that the student made in an online newsletter Monday.

Oct 11, 2023 10:10 AM CDT

Most BigLaw associates think their firms aren’t trying to keep them, new survey shows

One in four BigLaw associates plan to leave their law firms within the year, according to a new report released by recruiting firm Major, Lindsey & Africa on Tuesday.

Oct 11, 2023 9:32 AM CDT