Lawyer Pay

1174 ABA Journal Lawyer Pay articles.

Cravath announces associate bonuses of up to $100K; Paul Weiss quickly announces a match
Cravath, Swaine & Moore has once again announced year-end bonuses for associates that range from $15,000 to $100,000.
Texas attorney earned more than $460K representing indigent defendants last year

A lawyer who earned more than $460,000 representing indigent defendants in Collin County, Texas, last year is no longer receiving felony appointments.

Collin County has conducted an initial audit of…

Michael Avenatti ordered to pay $4.85M to former lawyer at his law firm

A Los Angeles judge has ordered lawyer Michael Avenatti to pay $4.85 million to a former contract lawyer at his now-defunct law firm, Eagan Avenatti.

Avenatti was accused of breaching…

Former LeClairRyan partner who sued for gender bias asks court to confirm $1M arbitration award
A former LeClairRyan partner who claimed the firm unfairly favors males in compensation decisions has asked a federal court to confirm a $1 million arbitration award that includes more than $700,000 in attorney fees.
An open letter to potential law students: Know the truth
With the recent news that some BigLaw starting salaries are rising to $190,000, it’s no wonder that law school continues to be a top destination for recent college graduates. However, the truth behind those starting salaries—and given the volatility of the legal job market and the effects of globalization and technology on the business of law—should give one pause before taking out $200,000 in school loans.
Median salaries for new law grads jump to $70K as BigLaw boosts hiring of newbie lawyers

Median salaries for law school graduates in the class of 2017 was $70,000, up $5,000 from the previous class, according to statistics released Thursday by the National Association for Law…

ABA reveals $1.3M theft by a now-former staff member on tax form
The American Bar Association has posted a tax form that reveals a onetime staff member diverted about $1.3 million from the ABA over a period of eight years.

The ABA became aware of the theft by a nonmanagerial staff member last September, according to Form 990 (see page 118) and an interview with ABA Executive Director Jack Rives.
Median pay for public service lawyers rises modestly, NALP reports
Salaries for public service lawyers continue to slowly increase, but their pay is still below that of lawyers in private practice, according to a salary survey by the National Association for Law Placement.
Reed Smith confirms it won’t raise associate salaries

One large law firm is holding the line as more law firms match new associate pay scales that, according to the new Cravath standard, range from $190,000 to $340,000.

Reed…

Suit says Jones Day’s ‘black box’ compensation system hides pay bias
A former Jones Day partner in California has filed a lawsuit claiming the firm’s secretive compensation system and subjective performance reviews are designed to hide pay discrimination against women.
It’s not the associate salaries, it’s the human skills that challenge law firms

Earlier this month, New York-based Milbank, Tweed, Hadley & McCloy announced it will increase its associate salaries across the board by $10,000 to $15,000—a starting salary of $190,000 for…

Several firms follow Cravath after it beats Milbank on associate pay raises and adds bonuses
Cravath set a new standard for associate pay on Monday when it announced it was paying salaries ranging from $190,000 to $340,000. Now several other law firms have announced they are matching Cravath’s salaries.
Cravath beats Milbank on salaries for some associates
Updated: Milbank, Tweed, Hadley & McCloy set a new standard for associate salaries last week when it announced higher salaries across all experience levels, paying $190,000 for new associates and $330,000 to the most experienced associates.
Some law firms match Milbank’s $190K starting pay for associates
A few major law firms are jumping on the bandwagon and raising starting pay for new associates to $190,000.
Milbank boosts associates’ starting pay to $190K
New associates at Milbank, Tweed, Hadley & McCloy will be paid $190,000, the law firm announced on Monday.

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