ABA Journal

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1264 ABA Journal Lawyer Pay articles.

Law firms make counteroffers to retain rainmakers; is it a good idea?

Many law firms are making counteroffers to keep on board rainmakers who are planning lateral moves. But is the enticement effective?

After Milbank raises associate salaries, Davis Polk goes higher and many follow

Several law firms followed Milbank’s lead when it announced Thursday that it was raising pay for associates for the first-year class and for those with the most experience. Then Davis Polk & Wardwell announced Friday that it was topping the Milbank scale.

Milbank, the first law firm to raise associate pay in 2018, makes a new move; will others match?

Milbank, the law firm that was first to raise associate pay in 2018, announced Thursday that it is raising pay for first-year associates to $200,000.

Why lawyers in practice have to be mindful of time—especially their billing time

This is as good a time as any to discuss time. As Benjamin Franklin said, “Remember that time is money”—but I won’t waste any time discussing his kites. What does time mean to lawyers? Billable hours.

Afternoon Briefs: McDonald’s faces Illinois privacy suit; NYPD accused of violating graffiti artists’ rights

McDonald’s sued over voice recognition software

McDonald’s is accused of violating Illinois’ biometric privacy law by using voice recognition software to recognize repeat customers at drive-thrus. The suit, filed in…

Law firms in Am Law Second Hundred saw gross revenue increase slightly; which virtual firm cracked the list?

The law firms ranked 101 to 200 for gross revenue had a respectable year in 2020, but their numbers are still well below law firms in the top 100, according to results published this week by the American Lawyer.

After DLA Piper standardizes associate pay across markets, other law firms also boost pay

Some associates working at larger law firms in smaller legal markets are seeing pay increases.

Why do female lawyers leave law firms? ‘Blatantly unfair’ compensation often cited, new ABA report says

Compensation systems that are “blatantly unfair” and “rife with gender bias” were most often cited as the reason female attorneys left their law firms, according to a new ABA report based on focus groups and interviews with experienced female lawyers.

Afternoon briefs: Search of Giuliani’s home is ‘legal thuggery,’ says his lawyer; top legal officer earns $50.9M

Search of Giuliani’s home is ‘legal thuggery,’ his lawyer says

Federal agents searched lawyer Rudy Giuliani’s New York City apartment and office early Wednesday. Giuliani’s lawyer, Robert Costello, told the…

This former attorney general now bills for BigLaw at nearly $2,300 per hour

Former U.S. Attorney General Eric Holder Jr. is billing at $2,295 as a partner at Covington & Burling, according to a contract that the firm signed with a public university.

Afternoon Briefs: 2 firms give special bonuses; immigrant leaves church sanctuary for first time in 3 years

Paul Hastings, Sheppard Mullin provide special bonuses to staff and paralegals

As many large firms continue to reward young lawyers for their work in the past year, Paul Hastings and…

First-year associate pay continues to rise, despite pandemic, NALP survey says

The COVID-19 pandemic hasn’t curtailed base pay for beginning associates, according to the National Association for Law Placement's survey of mostly larger law firms.

Law firms are pulling out all the stops in hot hiring market for some lateral associates

Law firms are offering signing bonuses and quickly extending job offers in a bid to lure corporate-transactions associates in a hot hiring market, according to a report by Law.com.

BigLaw’s lockstep compensation is declining in order to keep and attract talent

Lateral transfers are nothing new. Like the big leagues, BigLaw seeks to gain powerhouse rainmakers via outsize salary offers. The deals have the added value of draining rivals’ rosters to kneecap the competition. “Understand that these are not ‘all or nothing’ changes,” said John C. Coffee, director of the Center on Corporate Governance at Columbia Law School. “But marginal ones to allow the firm to pay more to the highest-grossing partner. Other firms have decided not to change significantly.”

Willkie Farr, first to announce 2021 special bonuses, matches going rate; will extra payouts continue in 2022?

The law firm that was first to announce a second round of special bonuses has raised its payouts to match what has become the market rate.

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