Goodwin Procter’s gross revenues fell 4% in 2009 to $658 million and per partner profits dropped 3% to $1.27 million. Although discouraging,...
Drinker Biddle is moving to a merit based pay system, becoming the latest in a string of major law firms to abandon...
Seyfarth Shaw is letting go of approximately 40 people, 20 lawyers and 20 staff. It’s been rough over at Seyfarth over the...
Good morning everyone! Today is Thursday, January 14, and here’s a quick look at yesterday’s news… The Supreme Court ruled against televising...
Kaye Scholer is cutting first year associate salaries to $145k, but unlike many other firms they aren’t doing it under the guise...
McDermott Will & Emery is moving to a merit based compensation system beginning in 2011. Like several other merit based plans we’ve...
Good morning! It’s Friday, January 8, and here’s a peek back at yesterday’s stories… Two firmsin the Carolinas have merged… California Governor...
I think it’s time for some new terminology. Lockstep compensation referred in the past to associates moving up in pay scale in...
Like many firms before it, Seyfarth Shaw is abandoning lockstep starting in 2011. Details haven’t been released, not even to the associates...
Two more firms have announced their bonus schedules and they’re a bit different from the Cravath scale. Sullivan & Cromwell is paying...
In April, Chadbourne & Parke cut associate salaries and promised that some or all of the money would be returned based on...
Atlanta based Sutherland is joining the rush to abandon lockstep compensation and is moving to a merit based system similar to the...
