More Than 50 Would-Be Associates Have Now Applied for $10,000-a-Year Boston Law Firm Job

Partner Larry O’Bryan understands that the $10,000 a year his small Boston law firm wants to pay a new associate isn’t a big enough salary for most new law graduates to live on, since many have hefty student loans. In fact, he may well understand that better than most, since…

Jun 11, 2012 5:35 PM CDT

Hughes Hubbard Seeks Court OK of Bill for First 4 Months of MF Global Bankruptcy: $17 Million

With trustee James Giddens at the helm, Hughes Hubbard & Reed has submitted its bill for the first four months of its work on the MF Global Inc. bankruptcy—$17 million. It must be approved by the U.S. Bankruptcy Court in Manhattan before it is paid, Reutersreports. The bill covers the…

Jun 5, 2012 1:42 PM CDT

The Good Gift: Check Out the Charity You Use

Jun 1, 2012 7:00 AM CDT

Boston Law Firm Got 32 Applicants for Attorney Job Paying $10,000 a Year, Partner Says

A small Boston law firm that hit the headlines when it advertised a job for a new law graduate paying $10,000 a year got 32 applicants for the position, a partner of Gilbert & O’Bryan tells the Boston Business Journal. Although observers note that the the pay is less than…

May 31, 2012 10:35 PM CDT

Maine Lawyers Who Represent Indigent Defendants Will Have to Wait for $50-an-Hour Pay

Lawyers who are assigned to represent criminal defendants in Maine won’t be paid during the month of June because the Indigent Legal Defense Commission has run out of money. Lawyers will get paid in July when the new fiscal year begins, the Bangor Daily News reports. Bangor lawyer Aaron Frey,…

May 30, 2012 10:30 AM CDT

Even Single People Give Up Pay for Work-Life Balance; Ex-BigLaw Lawyer Is an Example

Anne Marie Bowler gave up the big paycheck at a large law firm six years ago because she wanted more control over her time. Bowler, now 36, started her own firm with another colleague who had just returned from maternity leave, the Wall Street Journal (sub. req.) reports. Today she…

May 23, 2012 11:23 AM CDT

What Are Dewey & LeBoeuf Partner Guarantees Worth Now? Experts Say Maybe 10 Cents on Dollar, or Zip

More than 100 current and former partners of Dewey & LeBoeuf who reportedly had pay guarantees of up to $5 or $6 million annually aren’t doing so well now that the law firm appears to be on the verge of dissolving. Because partners are likely to be treated less favorably…

May 11, 2012 10:21 PM CDT

Quinn Emanuel Will Pay Bonuses of Up to $30K

Associates at Quinn Emanuel Urquhart & Sullivan learned this week that they will receive “spring bonuses” of up to $30,000. The bonuses will range from $2,000 to $30,000, according to Quinn Emanuel partner Richard Schirtzer. He tells the ABA Journal the exact amounts haven’t been set yet. He expects the…

May 4, 2012 11:00 AM CDT

Letters: Issues in Paradise

May 1, 2012 9:40 AM CDT

Sullivan & Cromwell Pays Spring Bonuses; Blog Deems Them ‘Small Change’

Sullivan & Cromwell is reportedly paying spring bonuses that are quite small by BigLaw standards. The bonuses range from $1,000 for the class of 2011 to $5,000 for the class of 2006, Above the Law reports. A Sullivan & Cromwell spokesperson did not immediately return the ABA Journal’s calls seeking…

Apr 27, 2012 4:17 PM CDT

It Takes More to Be a 1 Percenter in DC; Ex-BigLaw Partner Hopes to Be a Billionaire

Being a BigLaw partner doesn’t bring enough economic rewards for Stefan Baugh, who lives in Washington, D.C., with his wife and two children. Baugh recently left a BigLaw partnership to start a private equity company with two colleagues, the Washington Post reports. He told the newspaper he wants to create…

Apr 25, 2012 10:30 AM CDT

Pro-Se Ex-Associate Gets Green Light to Proceed with NY Suit Against UK Law Firm re Moscow Partner

A fired former associate in the Russia offices of Allen & Overy has been given a green light by a New York judge to sue the major London-based law firm. Deidre Clark, who made headlines while still working in Moscow for A&O by posting a racy online novel and photos…

Apr 17, 2012 8:07 PM CDT

Priciest Partners Had an Average Hourly Rate of $873 an Hour Last Year

A new study shows a growing divide between law firm partners who charge the highest and lowest fees. Partners whose hourly fees put them in the top quarter of lawyers raised their billing rates 4.9 percent last year to an average of $873 an hour, the Wall Street Journal (sub.…

Apr 16, 2012 11:33 AM CDT

NY Appeals Court OKs $12K Divorce Award for Value of Spouse’s Notre Dame Law Degree

A New York trial court did not abuse its discretion in awarding a husband only 10 percent of the value assigned to his wife’s law degree from Notre Dame University despite his contributions as the family’s primary wage-earner and the child care he provided while his wife was in law…

Apr 13, 2012 10:36 AM CDT

Kelley Drye Settlement with EEOC Offers No Guidance On When a Partner May Be Deemed an Employee

A consent decree (PDF) filed Tuesday in federal court in Manhattan resolved a more than decade-old pay dispute between Kelley Drye & Warren and one of the New York-based law firm’s older partners. In addition to a $574,000 payment by the firm to Eugene D’Ablemont, covering work he performed from…

Apr 12, 2012 4:19 PM CDT