first year associate salary

First-Year Compensation Increases Announced

First-Year Compensation Increases Announced

Summary: The latest round of first-year associate salary increases is continuing with Vinson & Elkins releasing their new compensation rate.…

Two Law Firms Step Forward to Up the Bonus Scale

Two Law Firms Step Forward to Up the Bonus Scale

Summary: One law firm is upping the associate bonus scale amount while another is including more than just associates in…

Year-End Bonuses Not So Happy for All

Year-End Bonuses Not So Happy for All

Summary:  With the numerous announcements from law firms saying they are keeping the same bonus schedule as Cravath, there are…

Law Firms Across the Globe Match Cravath Bonuses

Law Firms Across the Globe Match Cravath Bonuses

Summary: More than just the big American law firms are matching Cravath’s end-of-year bonus scale for associates. More law firms…

Cravath Keeps Year-End Bonus the Same

Cravath Keeps Year-End Bonus the Same

Summary: The end-of-year at Cravath Swaine & Moore will be the same as last year despite their first-year associates receiving…

Law Firms Feeling Effects of Raising Salary Rates

Law Firms Feeling Effects of Raising Salary Rates

Summary: Law firms are reporting the repercussions of raising first year associate salaries up to $180K with a hit to…

Holland & Knight is the Next to Abandon Lockstep

Holland & Knight is the Next to Abandon Lockstep

I think it's time for some new terminology. Lockstep compensation referred in the past to associates moving up in pay…