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1372 ABA Journal Lawyer Pay articles.

These 3 law firms are paying summer bonuses; will BigLaw follow?

Is the summer-bonus bandwagon for associates getting revved up? Law firms in California, Texas and New York have announced summer bonuses collectively ranging from $2,500 to $30,000.

Jun 25, 2024 9:02 AM CDT

Which BigLaw firms pay the highest starting salary?

Hughes Hubbard & Reed pays new associates a top salary of $235,000, which is $10,000 above the going rate at many top law firms, according to a survey by the National Law Journal at Law.com.

Jun 20, 2024 1:52 PM CDT

These law firms are preferred destinations for summer associates, new survey says

Surveyed law students at 149 different schools most often chose Kirkland & Ellis as a top place to work in a summer associate position, according to a new survey by Law360 Pulse.

Jun 18, 2024 10:21 AM CDT

BigLaw firm will pay up to $20M to top partners, an amount needed ‘to be at the big table’

Top partners at Simpson Thacher & Bartlett are expected to earn more than $20 million this year after the law firm adjusted its compensation structure.

May 20, 2024 3:32 PM CDT

Proposal to impose nation’s most restrictive cap on contingency fees may appear on ballot, judge rules

A judge in Nevada has refused to block a ballot measure that would impose a 20% cap on contingency fees in civil cases in the state.

May 15, 2024 9:29 AM CDT

Civil legal aid lawyers are often the last line of defense. Why are there so few of them?

As the 2023 ABA Profile of the Legal Profession reveals, civil legal aid lawyers are in short supply across the United States. According to the 142-page report, even though there are 1.3 million lawyers in the U.S., nationwide there are still only 10,000 paid civil legal aid lawyers, or about three for every 10,000 people in poverty.

Apr 1, 2024 3:00 AM CDT

Bonuses structured as forgivable loans are being used for partner retention

Some law firms are using forgivable loans to retain valuable partners and keep newly promoted partners happy.

Mar 28, 2024 1:23 PM CDT

New Reed Smith pay structure sorts associates into ‘the A squad and the B squad,’ blog says

Updated: Reed Smith has confirmed that it is changing the compensation structure for associates, but it’s not getting into specifics after a leaked memo said the law firm was creating two tiers of associate pay based on billable hours.

Mar 26, 2024 9:53 AM CDT

Lawyers seek over $288K per hour in attorney fees, payable in Tesla stock, for suit toppling Elon Musk’s compensation

The three law firms that successfully sued to overturn SpaceX owner and Tesla CEO Elon Musk's $55.8 billion Tesla compensation package are seeking attorney fees payable in company stock worth more than $5.6 billion.

Mar 4, 2024 1:28 PM CST

How lawyers can use Substack to generate business

Founded in 2017, Substack, which is a publishing platform open to anyone and everyone who has something to write, has recently attracted a slew of lawyers and attorney-adjacent writers who realized how much it could help their careers.

Mar 1, 2024 1:18 PM CST

Use of ChatGPT to support fee bid is ‘utterly and unusually unpersuasive,’ federal judge says

A federal judge in New York City has reduced a law firm’s fee request by about half after criticizing its use of the artificial intelligence tool ChatGPT-4 as a “cross-check” to determine prevailing market rates for attorneys.

Feb 27, 2024 8:20 AM CST

A few partners leave Cravath despite changes that generate more money for superstars

Updated: Cravath, Swaine & Moore lost three partners to competitor law firms in January, illustrating that “Cravath is now in the ranks of other New York firms that routinely see partnership shuffles,” according to an article from Law.com.

Feb 8, 2024 10:53 AM CST

BigLaw associates ‘have never had it better;’ they are working fewer hours, survey says, and making more money

Lawyer head count is growing, while productivity is declining, according to a year-end survey of more than 130 larger law firms released this week by Wells Fargo’s Legal Specialty Group.

Feb 1, 2024 12:56 PM CST

Quinn Emanuel disclosure order highlights relatively new product: judgment preservation insurance

Quinn Emanuel Urquhart & Sullivan must disclose terms of judgment preservation insurance that it allegedly bought before distributing a $185 million fee award to partners, according to a U.S. Court of Federal Claims judge.

Jan 31, 2024 3:39 PM CST

This BigLaw firm charges nearly $2,500 per hour for top billers’ bankruptcy work

Kirkland & Ellis is raising its top billing rate for bankruptcy work to $2,465 per hour by Jan. 1, according to court filings cited by Reuters.

Dec 19, 2023 9:39 AM CST

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