Morning Roundup
Good morning everyone! Today is Wednesday, November 24th. Here's a quick look back at yesterday's headlines. The exchange of artillery…
associate compensation
Bonus Season has Begun
Last year, Cravath kicked off the bonus season with a bonus schedule that represented huge cuts from previous years. Most…
Revenue and Profits down, PPP up at Dickstein Shapiro
As a firm, Dickstein Shapiro shared the country's economic woes in 2009 with revenues dropping by 4.78% and profits dipping…
Winston & Strawn Keeps Salaries Frozen
Winston & Strawn froze salaries last year and now it appears that the freeze is still on. Associates received emails…
Revenues and Profits Increase at Sheppard Mullin
Los Angeles based firm Sheppard Mullin Richter & Hampton reported slight increases in revenue and profits in 2009. Revenue increased…
Raises (sort of) and Bonuses at Pillsbury
Let's start with the easy part. Associates in the New York office of Pillsbury are having their salaries restored to…
Mayer Brown Raises Salaries Back to Pre-Recession Levels
The salary marketis starting to crystallize now. Mayer Brown today joined other top tier firms in restoring associate salaries back…
Chadbourne & Parke Does Right by its Associates
If you're a Chadbourne & Parke associate, we urge you to resist the temptation to gloat a little when talking…
Bonuses and Thaws at Wilson Sonsini
Wilson Sonsini is thawing salaries, and using the Cooley Godward model. First years are getting $160k, third years are making…
Hughes Hubbard Thaws Salaries, Issues Bonuses
Hughes Hubbard is thawing out salaries and junior associates are getting a double bump, placing them where they would have…
Cooley Godward Salary Thaw, and is there a Market Rate Anymore?
Cooley Godward has lifted last year's salary freeze, sort of. First years will continue to make $160k, which puts them…
Merit Based Pay at Drinker Biddle
Drinker Biddle is moving to a merit based pay system, becoming the latest in a string of major law firms…