Globalisierung ...
am 31.03.2008 von Jurabilis... ist keine Einbahnstraße:To compete with foreign firms, large domestic Indian firms have been forced to increase pay, either through salary hikes, end-of-year bonuses or promotions. New associates earn around 12 lakh rupees per year, while senior and principal associates may earn anywhere between 35 and 80 lakhs (one lakh is the equivalent of 100,000 rupees, so according to this currency converter, a new associate earns …
Entlohnungsgefüge unter Druck
Jurabilis / [... T]he most recent round of associate pay hikes has edged senior associates ever closer to junior partner pay rates. In fact, in some cases, senior associates can come out ahead of partners -- particularly if the firm has a nonequity tier. H…
Weihnachtszeit, Bonus-Zeit
Jurabilis / For big-firm associates in New York it may be time to uncork the champagne. This just in: Milbank, Tweed, Hadley & McCloy has announced it is paying year-end associate bonuses ranging from $30,000 for the most junior attorneys up to $65,000. Tha…
Mandant zieht die Notbremse
Jurabilis / Wal-Mart hat die Nase voll von ständigen Honorarsatzerhöhungen (jeweils nach den Gehaltserhöhungen für die First-Year-Associates) und fasst die eigene Haltung in einem lesenswerten Memo zusammen (WSJ berichtet):Starting salaries for junior a…
Ernennungen neuer Partner bei den TOP 50
Jurabilis / Diese Tabelle bietet eine gute Übersicht für den Markt im UK: Partner promotions across the top 10 City firms fell by 10% over the last financial year, according to Legal Week research which suggests law firms are already tightening their belt…
Die Nestflucht der Großkanzlei-Associates: Warum und wohin?
Jurabilis / At the 250 largest law firms, the arrows are pointing up for many associate indicators. Summer internships are up. Incoming associate classes are up. Recruiting costs for both summer and first-year associates, in dollars and in partner time, are…
Der Bewerbermarkt
Jurabilis / The most common first-year associate salary at law firms with more than 500 attorneys climbed to $135,000 in 2006, NALP reported. That figure likely was welcome relief for law graduates, whose salaries at those firms were stagnant at $125,000 from 2…
Expansion in der Rezession
Jurabilis / In Zeiten nach hinten verlegter Associate-Einstellungstermine, Associate-Entlassungen und angedachter Gehaltskürzungen wirken solche Berichte wie aus einem Parallel-Universum:A question: Could the grim economic times be a recruiting boon for fi…
160.000 USD für First Years
Jurabilis / Simpson Thacher has raised the bar. The firms executive committee chairman Philip Pete Ruegger III sent an email announcing an increase in first-year associate base salaries to $160,000, second-year salaries to $170,000 and so on and so fo…
Summer Associates: Less Big-Scale Entertaining
Jurabilis / All play and no work. Thats the common conception of summer-associate programs at the nations biggest law firms. For about three months, the thinking goes, the firms bestow upon an anointed crop of law students a taste of the good life. They lunch a…
Wachtell-Bonus: Nicht kleckern, sondern klotzen!
Jurabilis / Bei Wachtell, Lipton, Rosen & Katz macht man keine halben Sachen, schon bei den Grundgehältern nicht, erst recht nicht bei den Boni. Deshalb gibt es auch in diesem Jahr für die freizeitentbehrenden Mitarbeiter das volle Jahresgrundgehalt a…
American Firms Pay Premium
German American Law Journal :: American Edition / CK - Washington. An Azur overview of salaries paid associates in Germany-located law offices points to premiums paid by America-based law firms. The fall 2006 compensation table list both base and maximum salaries. There are small German firms…
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