Lawyer Pay

Afternoon Briefs: Steve Bannon charged; more BigLaw firms trim pay cuts

Steve Bannon charged with defrauding donors President Donald Trump’s former chief strategist Stephen Bannon is among four people charged with defrauding donors to an online crowdfunding campaign called “We Build the Wall.” Bannon is accused of receiving more than $1 million of Build the Wall funds through a nonprofit he…

Aug 20, 2020 4:52 PM CDT

Afternoon Briefs: Lawyer is accused of $20M money laundering scam; BigLaw firm trims salary cuts

Lawyer is charged in alleged $20M cryptocurrency scam Lawyer Scott Hughes, 44, of Newport Beach, California, has been accused of helping launder at least $20 million in an alleged cryptocurrency Ponzi scheme. The indictment unsealed Tuesday claims that Hughes and four other defendants promised guaranteed returns for phantom investments in…

Aug 19, 2020 4:29 PM CDT

Salaries and job rates up for 2019 law grads, reaching highest point since Great Recession

Law graduates in the class of 2019 saw employment and salary gains that are the highest since the Great Recession, according to figures released Wednesday by the National Association for Law Placement.

Aug 12, 2020 11:32 AM CDT

Afternoon Briefs: BigLaw firm eases pay cuts; virtual law firm expands into US

Katten Muchin partly restores pay Katten Muchin Rosenman has trimmed pay cuts announced in April. The firm had cut pay by up to 20% for lawyers and business professionals who make more than $100,000. Now the law firm is trimming the pay cuts by half. (Law360) UK-based virtual law firm…

Aug 6, 2020 4:56 PM CDT

Quinn Emanuel seeks fee amounting to $18,500 per hour; will judge approve it?

Quinn Emanuel Urquhart & Sullivan is asking to be paid $185 million for representing insurers suing the federal government for compensation under the Affordable Care Act.

Aug 5, 2020 10:28 AM CDT

Pay is at least partly restored at these law firms; some lawyers will get bonuses

Associates and staffers at some law firms are getting good news after seeing lower paychecks in response to the COVID-19 pandemic.

Jul 30, 2020 12:06 PM CDT

Partner distributions resume at some law firms amid coronavirus crisis

At least two large law firms are resuming partner distributions after trimming them in response to the COVID-19 pandemic.

Jul 22, 2020 9:47 AM CDT

Law grads have had job offers rescinded at 49% of surveyed law schools

Law grads have had employment offers rescinded at 49% of the law schools surveyed by the National Association for Law Placement. Hardest hit were graduates of schools in the Southeast region, where 57.5% of the schools reported rescinded offers; and schools with more than 750 students, where 61% reported rescinded…

Jul 16, 2020 12:00 PM CDT

Miller Canfield lays off and furloughs some lawyers

Miller, Canfield, Paddock and Stone has laid off and furloughed some lawyers as a result of the economic slowdown caused by the COVID-19 pandemic.

Jul 13, 2020 2:55 PM CDT

Contract public defenders in this state make about $5 per hour after overhead, new study says

Contract public defenders in Indiana who earn median pay make only about $5.16 per hour after covering overhead expenses, according to a June study by the Indiana Public Defender Commission.

Jul 9, 2020 2:42 PM CDT

Hughes Hubbard lays off lawyers, staffers after receiving paycheck protection loan

Hughes Hubbard & Reed has laid off some associates and staff members after receiving a paycheck protection loan from the federal government.

Jul 7, 2020 2:14 PM CDT

More law firms are likely to make some furloughs permanent, legal experts say

Katten Muchin Rosenman’s decision to lay off some furloughed staff members may be followed by more announcements of layoffs at other law firms, according to legal industry experts.

Jul 2, 2020 12:33 PM CDT

Remove underperformers? Increase cash? New law firm survey shows changing views

Law firms responding to survey questions about a hypothetical recession became more willing to take tough measures as the COVID-19 crisis worsened, according to recent survey findings by legal consulting firm Altman Weil.

Jun 25, 2020 2:45 PM CDT

Afternoon Briefs: Another law firm cuts pay; officer fired in shooting death of Breonna Taylor

Another law firm cuts pay for lawyers and staffers Holland & Hart is reducing profit distributions to equity partners and cutting pay for salaried lawyers by 15%. Staff members who make $100,000 or more will see a pay cut of 7.5%, while those making more than $60,000 and less than…

Jun 24, 2020 4:48 PM CDT

Judge refuses to sanction women suing Jones Day for gender bias

A federal judge in Washington, D.C., has refused to sanction former female associates who filed a $200 million lawsuit against Jones Day for alleged gender bias.

Jun 10, 2020 10:29 AM CDT