Lawyer Pay
1320 ABA Journal Lawyer Pay articles.
Associate pay hikes cascaded during a “red-hot recruiting market” over the last two years, leading to a median base salary of $200,000 for new associates in 2023, according to Nikia L. Gray, the executive director of the National Association for Law Placement.
May 10, 2023 10:36 AM CDT
Billing rates for second-year associates at some BigLaw firms are nearing $1,000 an hour, according to a review of bankruptcy fee requests by 10 larger law firms.
Apr 3, 2023 9:20 AM CDT
A New York judge has affirmed an arbitrator’s decision that awarded $224,000 in unpaid fees to a former Holland & Knight partner but ordered him to pay nearly $670,000 for the law firm’s attorney fees and costs.
Feb 22, 2023 10:42 AM CST
An associate who signed a contract with an “hours billed discrepancy” clause is obligated to repay his law firm for failing to meet promised billable hours, the North Dakota Supreme Court ruled Thursday.
Feb 21, 2023 9:56 AM CST
A trial judge should not have awarded $185 million in fees to Quinn Emanuel Urquhart & Sullivan without conducting a “lodestar cross-check” that considers hours worked and billing rates, the U.S. Court of Appeals for the Federal Circuit ruled Tuesday.
Feb 1, 2023 10:53 AM CST
Every year, we like to take a look back at the news events and stories that most resonated with our online readers. This year, the financial state of the legal industry dominated the list, accompanied by disciplinary cases, law school rankings and the bar exam.
Dec 23, 2022 8:37 AM CST
Updated: Several law firms are following the lead of Baker McKenzie and Cravath, Swaine & Moore in announcing year-end bonuses tracking their scales, but some are offering even more money for high-billing lawyers or exceptional work.
Dec 8, 2022 9:35 AM CST
Updated: Cravath, Swaine & Moore is paying year-end associate bonuses on a scale that mostly matches that of Baker McKenzie.
Nov 30, 2022 10:32 AM CST
Boies Schiller Flexner is matching associate bonuses announced Nov. 21 by Baker McKenzie in just one respect.
Nov 29, 2022 3:31 PM CST
Some law firms are getting tough with demands for in-person work, observers have told Law.com.
Nov 22, 2022 9:53 AM CST
Baker McKenzie is apparently the first law firm to kick off BigLaw’s bonus season. Baker McKenzie’s year-end bonuses range from $20,000 for the class of 2021 to $115,000 for the class of 2015 and over.
Nov 21, 2022 12:34 PM CST
The possibility of cyberattacks is cited most often as a high concern for law firm business leaders, followed by risks caused by high associate salaries and general economic pressures, according to a report released Thursday.
Nov 18, 2022 9:21 AM CST
The average male law firm partner earns 34% more than the average female partner, which is less of a differential than in prior years, according to a survey by recruiting firm Major, Lindsey & Africa in association with Law360.
Oct 20, 2022 10:06 AM CDT
Associates are confronting a new reality as law firms slow hiring in response to higher costs, rate pressures and a decline in demand, especially in mergers and acquisitions. “The demand for associates no longer exceeds supply,” says one recruiter.
Sep 8, 2022 10:05 AM CDT
Top-level administrative professionals in law firms make anywhere from $77,000 to $2.7 million in total compensation, according to a recently released survey.
Sep 2, 2022 9:00 AM CDT
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