Mandant zieht die Notbremse
am 05.11.2007 von 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 associates in large and boutique law firms have
increased dramatically over the last few years. As some of you may know, the
fierce competition for top law school graduates recently pushed first-year
associate salaries in some New York City firms to more than $160,000 per year.
We have recently learned that this new salary benchmark for inexperienced New
York City lawyers is now being used to establish first-year associate …
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…
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…
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…
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…
Globalisierung ...
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 s…
Salary Boost in London
Jurabilis / New York scheint nicht nur dem Deutschen Markt einen satten Impuls gegeben zu haben: Newly qualified and trainee solicitors across the City have been celebrating after receiving their biggest pay rises for several years. Herbert Smith, Norton Rose…
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…
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…
Gute Zeiten für Paralegals
Jurabilis / - Paralegal compensation in U.S. law firms and corporate law departments showed solid increases over the previous year, above the rise in the cost of living. - Paralegals working in law firms received somewhat higher increases than their law dep…
Gehaltssteigerungen erreichen die Westküste
Jurabilis / The dominoes are falling in the latest round of associate salary increases. OMelveny & Myers and Morrison & Foerster announced that theyll follow Orrick, Herrington & Sutcliffes lead and raise pay for California first-year associate…
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…
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…
Familiendramen in der Großkanzlei
Jurabilis / It was the go-go 90s. Associate salaries were going up by astronomical sums every year, everybody was working around the clock. As a paralegal I kept a clean change of cloths, shampoo, toothpaste and a toothbrush, a blanket and a pillow in my file c…
Associate-Gehälter in New York
Jurabilis / Diese Tabelle zeigt, dass auch in New York gerade eine Erhöhungsrunde im Gange ist: 145.000 USD entwickelt sich zum neuen Standard für First-Year-Associates (ohne Bonus). Gerüchten zufolge soll auch in Frankfurt bisweilen genau dieser Betrag (in…
Billing 3200 Hours A Year
Jurabilis / Das WSJ Law Blog berichtete, dass ...[...] Eliot Spitzers wife, an Skadden Arps associate in the 1980s, routinely billed about 3,200 hours a year.Nun fragt man die Leser, ob ein solcher Wert realistisch erreichbar sei (das sind 8,7h/Kalendertag).…
Die Nachteile von Affirmative Action
Jurabilis / Why couldnt Clarence Thomas get a job with a big-city law firm when he graduated from Yale in 1974? Its not an idle question. That time of dashed hopes and expectations, as Thomas once described it in a speech, still leaves him bitter. His frust…
» Law Blog - WSJ.com : Wal-Mart Memo To Law Firms: No More Rate Hikes!
Before any more law firms match the latest bump in associate compensation, they may want to take stock of this memo issued yesterday by Wal-Mart. Addressed to the relationship partners at its outside counsel, the memo raises concerns about the recent…
» Mandant zieht die Notbremse - jurabilis - juristisches Weblog aus Berlin
jurabilis ist ein jurististisches Weblog mit Nachrichten, Urteilen, Tipps zu Studium und Referendariat"> <META NAME="REVISIT-AFTER" CONTENT="2 days"> <META NAME="robots" content="follow, ind…
© 2004-2008 JuraBlogs | Impressum
