It took three weeks of waiting after Milbank announced bonuses and raises for associates. But now, Cravath, Swaine & Moore has stepped into the BigLaw breach with its announcement.
Law firm revenue increased 4.6% through the third quarter of the year, thanks to a hike in billing rates, according to a survey of more that 120 firms by Wells Fargo’s Legal Specialty Group.
Milbank announced Tuesday that it is matching last year’s year-end bonuses while also giving annual raises of $10,000 to its associates beginning Jan. 1.
Law firms eased up on hiring first-year associates in the third quarter to curtail expense growth, according to a new Thomson Reuters report published Monday.
A law student who tracked lawyers from the disbanded law firm Dewey & LeBoeuf found little evidence that the stigma was a “scarlet letter” harming their careers.
A fired associate at Wilmer Cutler Pickering Hale and Dorr has filed a pro se lawsuit alleging that the law firm discriminated against him because of his Cameroonian origin and defamed him in two evaluations.
Davis Polk & Wardwell has rescinded job offers to three law students who participated in or had leadership positions in groups that issued statements siding with Hamas in its attack on Israeli citizens.
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