Lawyer Pay

1161 ABA Journal Lawyer Pay articles.

Cadwalader cuts pay, pauses partner distributions because of coronavirus financial impact
The law firm Cadwalader, Wickersham & Taft is imposing temporary pay cuts and pausing partner distributions because of the financial effects of the novel coronavirus crisis.
Pay cuts, layoffs, lower partner distributions part of BigLaw response to COVID-19 impact

The economic impact of the novel coronavirus pandemic is hitting BigLaw. “Businesses around the world are bracing for the short-term and potential long-term economic impacts of COVID-19,” said one firm.

New leaders share power at Boies Schiller amid lawyer departures and compensation issues
Recent partner defections at Boies Schiller Flexner are a sign of the firm’s natural evolution, according to one of the law firm’s new managing partners, Nicholas Gravante.
A dozen Boies Schiller lawyers join new boutique law firm
A dozen lawyers from Boies Schiller Flexner have joined with three other lawyers from well-known law firms to create a 15-lawyer litigation boutique.
Afternoon Briefs: Missing ex-associate died in crash; Harvey Weinstein says his work has been forgotten

Missing ex-Littler associate died in a car crash

A former Littler Mendelson associate who was reported missing had died in a car crash, police in Georgia announced Friday. Demetrice Allen’s…

BigLaw partner who said she worked 3,173 billable hours is suspended for overbilling
A BigLaw partner who relied on her assistant to create first-draft billing records based on her work product has been suspended for six months for overbilling.
Sanctions motion by BigLaw firm alleges plaintiffs made up pay-bias claims ‘out of whole cloth’
Jones Day has filed a motion seeking sanctions against plaintiffs who filed a $200 million lawsuit alleging that the law firm discriminates based on gender and motherhood.
Latest figures show why many law grads struggle with debt; which schools had highest and lowest debt-to-income ratios?
Most law students earn less money per year after graduation than the amount they borrowed for law school, according to the latest figures from the U.S. Department of Education.
Associate bonus schedule set by Milbank is largely intact as more law firms make announcements
Most law firms that are announcing associate bonuses are sticking with the bonus range of $15,000 to $100,000 set by Milbank.
How do the states stack up? Lawyers make the most and least money in these areas
Lawyers make the lowest average salary in Montana and the highest average salary in California, according to data from the U.S. Bureau of Labor Statistics.
Which BigLaw firms have jumped on the bonus bandwagon?
More BigLaw firms are announcing associate bonuses after Milbank was the first to reveal on Nov. 7 that it will keep year-end payments the same as last year.
Reframing value: A new paradigm for law firm compensation

Until law firms focus on understanding and incentivizing their lawyers to focus on “value” as their clients see it, their relationships will become increasingly unstable, says Roya Behnia of BarkerGilmore.

Cravath announces associate bonuses; did the firm top Milbank?
Associates who were hoping that Cravath would set the standard with higher bonuses this year will be disappointed with the law firm’s Monday announcement.
BigLaw bonus season begins with announcement from Milbank

Milbank has beat Cravath to the punch by announcing its associate bonuses Thursday. The scale is the same as last year’s, and the bonuses range from $15,000 to $100,000 and will be paid Dec. 31.

Pay Attention: CPA serves up financial tips for lawyers

In this episode of the ABA Journal’s Asked and Answered podcast, Senior Writer Stephanie Francis Ward talks to New York CPA Gary DuBoff about how to live within your means, how to figure out your set costs, and how to budget with what’s left over.

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Web First
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Topics: Career & Practice
Afternoon Briefs: Judge prevented from fixing jobless system; state will stop sharing COVID-19 data
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An unprecedented finale to the first year of law school, starring COVID-19
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Podcasts
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