Weihnachtszeit, Bonus-Zeit
am 11.12.2006 von JurabilisFor 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. That is the same amount Milbank paid last year, which is good news for the firms junior lawyers and for associates all over the city. Last year, bonuses at most New York firms topped out at $65,000. Many lawyers believed that bonuses this season would peak at $45,000 to …
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…
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…
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…
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!
Kleinblog | David Klein / Ich passe meinen Schreibtisch ab sofort an Weihnachtsmarktgedränge und Lebkuchenverkauf an. Ich präsentiere voller Stolz meinen USB-Weihnachtsbaum mit wechselnder Beleuchtung! …
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…
Hourly Billing Rates Continue to Rise
Jurabilis / Its a good time to be a lawyer. Billing rates for law firm attorneys jumped last year, with partners and associates raking in more dollars per hour than ever before. And at least one partner now charges $1,000, the first four-figure hourly rate re…
Mal wieder: Börsennotierte Anwaltskanzleien
Jurabilis / Above The Law-Herausgeber David Lat hat gestern im New York Observer einen kleinen Science-Fiction-Artikel platziert:NEW YORK, March 17, 2009Biglaw, Inc. (NYSE: LAW) today reported net revenues of $462.5 million and net earnings of $205 millio…
Associatesgehälter: Milbank, Skadden und White & Case erhöhen auch
Jurabilis / Mit Milbank Tweed Hadley & McCloy, Skadden Arps Slate Meagher & Flom sowie White & Case haben drei weitere Kanzleien eine Anhebung ihrer Associategehälter bekannt gegeben, wie JUVE meldet:Bei Milbank erhalten künftig Berufseinsteiger e…
Blick von außen auf den deutschen Rechtsmarkt
Jurabilis / For quality, the only rival to Hengeler is still the Bruckhaus Deringer megalith, but it did show the first signs of post-merger fallout last year. A key Munich private equity team quit for US newcomer Milbank Tweed Hadley & McCloy , shattering…
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…
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…
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…
» Law Blog » Get Ready to Celebrate — Bonus News Is In
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. That…
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