Kelley Drye Trifecta – Abandon Lockstep, Freeze Salaries, Pay Bonuses
In a firm wide email sent out yesterday, Kelley Drye managed to fold what would typically be three different stories…
associate compensation
Stroock Pays Bonuses, Lifts Salary Freeze
Stroock is handing out bonuses this year, and like so many before them, they're paying on the Cravath schedule. That…
Seyfarth Shaw Abandons Lockstep
Like many firms before it, Seyfarth Shaw is abandoning lockstep starting in 2011. Details haven't been released, not even to…
Sonnenschein Abandons Lockstep and Cuts Staff
There are two unconnected stories coming out of Sonnenschein today. The first is that the firm has made staff cuts…
DLA Piper Abandons Lockstep
DLA Piperhas joined the lockstep march away from lockstep compensation. In a memo today, the firm outlined its new associate…
One Essex Court Raises Trainee Salaries
The 2010 incoming trainee class at London's One Essex Court will be paid £60,000 ($99,550) per year, or a £15,000…
Mintz Levin Lays Off Associates, Staff
Boston's Mintz Levin has laid off an undisclosed number of attorneys and staff. Blawgs are reporting that 15 associates were…
NALP: For Associate Salaries, It’s All Downhill From Here
A survey by the National Association for Law Placement says that law firm associate salaries, generally on the rise since…
Holland & Knight Cuts Compensation
Florida's Holland & Knight is cutting salaries for associates and senior counsel. The firm says the cuts average 7% across…
Rumor: Foley & Lardner Cuts Associate Pay 10%
Blawgs are reporting that Foley & Lardner has cut pay 10% for all associates in all offices. The firm is…
DLA Piper Defers its Deferred Associates
DLA Piper is making major changes to its associate program, including further deferrals of associates who were deferred back in…
Drinker Biddle Will Not Defer Associates, But Will Cut Salaries
Drinker Biddle will allow its 36 incoming associates to start on time in September; but their salaries will be reduced,…