Above the Law’s bonus tracker continues to expand, as an increasing number of boutique law firms announce associate bonuses that match or surpass market rates set by Milbank. But some BigLaw firms are not falling in line with the standard special bonuses.
Jones Day has hired 10 former U.S. Supreme Court law clerks from the October 2023 term, adding to an “already-deep bench of talent,” according to Noel Francisco, the partner in charge of the law firm's Washington, D.C., office and a former U.S. solicitor general.
“Multiple associates” at Boies Schiller Flexner are receiving bonuses of $1 million or more this year, thanks to a formula based on law firm contributions and revenue generation, according to an internal memo obtained by several publications.
A federal judge in Chicago has tossed a promissory estoppel claim in a Muslim lawyer’s lawsuit against Foley & Lardner for revoking her associate job offer after learning of her comments about Israel and Gaza.
A slightly lower number of partner promotions this year by Kirkland & Ellis is in keeping with the trend; new-partner class sizes in BigLaw have decreased an average of 4% this year, based on partnership announcements so far.
Updated: By Thursday morning, more than 30 law firms had matched Milbank’s year-end bonuses and announced special bonuses on par with Milbank’s summer bonuses, according to bonus announcements obtained by Above the Law.
Updated: Associates at several BigLaw firms will be getting year-end and special bonuses that total $21,000 to $140,000, the amount being paid by Milbank.
As we reflect on our journeys through the legal profession, one theme emerges: the power of mentorship, particularly female mentorship. The power of female mentorship cannot be overstated.
Half of surveyed male lawyers in larger law firms report that work has a positive effect on their mental health, but only 35% of female lawyers feel the same.
Only 52% of surveyed lawyers are satisfied with their total compensation, but the percentage increases with pay transparency, according to a law firm compensation survey by Law360 Pulse.
“Not long ago, the partners at a law firm told me of an embarrassingly disastrous trial. … They wanted to know whether I knew of ways to prevent this type of problem. The answer is a qualified yes: While there are no panaceas, certain protocols can minimize the risks of suboptimal research. Here are the three crucial points.”
