“March may be rapidly coming to a close, but that doesn’t mean the associate salary game is over! Just the other day, Holland & Knight — on the back of the firm’s strongest financial performance in the history of the firm announced raises for hardworking associates. And, of course, with $1,044,337,000,” reports Kathryn Rubino in Above The Law.

“Gross revenue in 2020, making it 38th on the Am Law 100, the firm is matching that top-of-market compensation grid popularized. For associates well, at least the ones in the Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Fort Worth, Houston, Los Angeles, Miami, New York, Orange County, Philadelphia, San Francisco.”

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“In the days following the invasion of Ukraine, we saw responses from a number of major law firms with business in Russia shut down their offices and withdraw from representations. But some firms didn’t make a clean break with Russian business, and some that did issued cagey statements that made the,” reports Joe Patrice in Above The Law.

“The page divides firm statements between firms no longer doing work in Russia — like MoFo and Gowling WLG — firms that have dropped Russian government-related entities — like DLA Piper, Norton Rose, and Hunton Andrews Kurth — and firms that are either silent or issued equivocal statements. Looking through the list of inconclusive.”

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“Rankings season is upon us, and many publications are rolling out their best offerings for readers’ perusal in advance of the release of the 2023 U.S. News & World Report Law School Rankings. For more than a decade, Law.com has published a list of the best law schools to go to if you want to,” reports Staci Zaretsky in Above The Law.

“Work in Biglaw after graduation. Law.com refers to these institutions of higher education as the go-to law schools, and this year, they’re ranked by the percentage of 2021 graduates who took associate positions at the 100 largest law firms based on attorney head count. Before we get to the list of the go-to law schools, it’s worthwhile to speak about.”

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“The associate salary party is far from over. While the market has seemingly settled on a standard compensation grid for associates, we now play the much longer tail game of which firms will match. And think about it with at least 200 firms earning the moniker Biglaw and a wave of elite boutiques also,” reports Kathryn Rubino in Above The Law.

“Well, there’s now another Biglaw firm shelling out the big bucks for associates. Mintz a firm that brought in $502,100,000 gross revenue in 2020, ranking it at No. 79 in the Am Law 100 has decided to up associates salaries. They’ll be matching the market standard set by Cravath. While most firms have backdated the raises to January 1.”

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“Way, way back in January, Milbank introduced a new salary scale that served as a catalyst for the mad race to increase associate salaries at Biglaw and boutique firms across the country. One of the firms that matched Milbank  at first quietly doing so under cover of its annual review process, before a,” reports Staci Zaretsky in Above The Law.

“Formal announcement was made was Cooley. Since then, the firm has been silent through the introduction of two more salary scales, one from Davis Polk and one from Cravath. On Friday, the firm finally addressed salaries once again. Cooley, of course, is matching the Cravath salary scale, like all other firms that wish to remain elite during.”

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“It’s never paid more to be a Big Law associate Cravath Swaine & Moore just made sure of that by announcing yet another pay bump for mid-level and senior associates. Yet, firms still can’t seem to get enough associates in the door. I’ve been asking law firm leaders lately whether they think there are actually,” reports Roy Strom in Above The Law.

“People who can do the job of a Big Law associate, or whether the current talent shortage is an artificial result of maximizing profits. No, it’s not artificial, one Am Law 50 firm chair told me. Our microchips are great legal talent. And the truth is there are only so many people who fit the mold. To cut it in Big Law, the chair said associates need.”

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“HSF said, in a statement, that it strongly condemns the invasion of Ukraine by Russia and that it is appalled by the humanitarian consequences. The firm is ending any work associated with the Russian state, it proclaimed, in accordance with its legal and professional responsibilities. Our,” reports Jerome Doraisamy in Lawyers Weekly.

“Moscow office has long been a valued and successful part of our business. We are working closely with the team there to support our colleagues who have been directly impacted by this decision, the firm said. We continue to advise many clients around the world on the practical implications for their businesses. We are supporting our.”

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“Biglaw is in the middle of a hot lateral market. That means that firms have to be willing to pay the tippy top of market compensation plus other perks to recruit and retain the associates that keep the deals/cases moving. Goodwin Procter a firm making $1,486,263,000 in 2020 gross revenue,” reports Kathryn Rubino in Above The Law.

“Making it 23rd on the Am Law 100 already announced raises way back in January when the Milbank scale was the top of the market. Of course, since then both Davis Polk and Cravath have taken a crack at raises, and now that higher Cravath scale is what’s holding sway. And now that the dust seems to have settled, Goodwin is raising.”

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“One by one, Biglaw firms across the country have realized that in order to recruit and retain the best talent, they need to offer the best perks and policies for a progressive new generation of lawyers. That may be why yet another firm has decided to truly support its attorneys who are embarking upon,” reports Staci Zaretsky in Above The Law.

“Which firm is the latest to modernize its parental leave policies? That would be Ropes & Gray, which recently announced that a new, gender-neutral leave policy would be implemented, ensuring that attorneys will receive additional time off following the birth, adoption, or foster placement of their new child. Not a Cravath match.”

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“Despite the fact that a pandemic raged throughout 2021, all signs point to it being an excellent year in Biglaw. In fact, the biggest problem for firms seems to be making sure they have enough talent to handle all the work they’re getting. Towards that end making sure associates are well compensated,” reports Kathryn Rubino in Above The Law.

“So, yes, associate compensation has been bonkers this year, with raises running through the industry. The latest firm to announce raises is Foley Hoag, ranked 136th on the Am Law 200, with $232,079,000 in 2020 gross revenue. Like so many other firms, these raises are retroactive to January 1. The new compensation grid at the firm is.”

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“For the past few years, law student recruitment for summer associate programs has been incredibly successful, harkening back to a time when law students quickly accepted the offers that Biglaw firms handed out like candy. Amid an unprecedented cash rush for associates and high demand for,” reports Staci Zaretsky in Above The Law.

“The 2021 recruitment cycle was no different offers were plentiful, and acceptance of those offers was even higher. Things are going smashingly well in the Biglaw sphere when it comes to recruitment. According to the latest recruiting figures from the National Association for Law Placement NALP, offer rates from Biglaw summer.”

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“As Russia invades Ukraine, Baker McKenzie and Dentons have closed up their Ukraine offices. No word on the DLA Piper presence, but it’s likely closed up as well. Dentons told Bloomberg Law that We are in regular contact with our team in Kyiv and are providing our 49 colleagues with any assistance they,” reports Joe Patrice in Above The Law.

“Which is to be expected. It’s impossible to imagine a global law firm operating in Ukraine over the last few years without formulating an emergency response. As soon as the former administration lifted sanctions on Russia and held up military aid to Ukraine, conflict may not have been guaranteed, but became increasingly likely.”

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“What better way for a Biglaw firm to let associates know much their work is appreciated than with a nice raise? And thanks to the new market standard set by the combination of Milbank and Davis Polk, firms are doing just that. The latest firm to say thank you with cold, hard cash is Sidley Austin. The,” reports Kathryn Rubino in Above The Law.

“The firm took in $2,462,935,000 in gross revenue in 2020, making it number 6 on the Am Law 100, and they are happy to share their good fortune with the associates who made it all possible. As expected, the firm matched the prevailing market compensation as detailed in the chart and like many of their peer firms, the raises will.”

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“Whatever else you may think of Miami Mayor Francis Suarez, you have to admit that he’s great at PR. Over the past two years, Mayor Suarez, and by extension the broader South Florida region, has generated a constant stream of national press attention. The Financial Times recently declared Miami the,” reports Above The Law in their blog.

“The most important city in America. If you believe the hype, Miami is both the new Silicon Valley and the new Wall Street. Where tech and finance is moving, surely law firms will follow close behind? That’s the question explored in a recent Daily Business Review article, as well as the topic of recent debate in South Florida legal circles. So is Miami.”

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“Fresh off of getting some flack for not jumping on the Biglaw raises bandwagon fast enough, Fenwick & West has announced raises for its hardworking associates. The firm, which made $543,079,000 in gross revenue in 2020 making it 72nd on the Am Law 100, announce the compensation,” reports Kathryn Rubino in Above The Law.

“After Milbank raised associate salaries last month. But despite the antsy associates, the firm is actually on the early side of matches. Over a month after the first raises, the bulk of the market has still not matched. But the wait is over for Fenwick associates! The new salary scale for attorneys in good standing and on track to bill 1,950 hours.”

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“Biglaw firms are really looking forward to things getting back to normal and in this case, that means heading back to the office. Yet again, we have a top law firm inviting associates back to the office without word on matching the new Milbank salary scale Earlier this week, Simpson Thacher & Barlett, a firm,” reports Staci Zaretsky in Above The Law.

“That’s in the top 20 of the Am Law 100 No. 14, to be exact, notified associates that they’d be due back in the office on March 14. Associates are expected to spend three to four days each week in the office, on average, starting next month. Sources we’ve heard from didn’t exactly seem thrilled about this plan. The firm, however, is focusing.”

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“Lawyers from at least seven firms are headed back to the office again in February and March, months after Covid-19 variants delayed initial reopening plans. Davis Wright Tremaine, Wilmer Hale, and Dorsey & Whitney are targeting office return dates in February after cutting back on in-person work,” reports Riqui Chen in Bloomberg Law.

“Expectations as the omicron variant surged in the U.S. Reed Smith, Goodwin Proctor, Morrison & Foerster, and Wilson Sonsini plan to reopen in early to mid-March. Covid-19 cases have steadily declined in the U.S. since peaking in mid-January, and many are cities and states are beginning to loosen pandemic-related restrictions.”

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“What is it with Biglaw firms announcing their return-to-office plans before they announce their Milbank matches? Come on, let’s think about incentivizing employees here, folks. No one really wants to head back to the office during an ongoing pandemic, but a bigger paycheck might make it a little,” reports Staci Zaretsky in their Above The Law.

“One of the firms that made its office return plan known prior to informing employees that there would be no salary match to come just yet is Weil Gotshal, a firm that’s in the top 20 of the Am Law 100 No. 17, to be exact. Earlier this week, the firm sent out a brief memo letting associates know that its US offices would be reopening fully.”

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“It’s been three weeks since the latest edition of the associate salary wars began, thanks to a raise announcement by Milbank. While in the past, when one Biglaw firm announces across the board salary hikes the rest of the market has been quick to respond, that has not been the case this time around.,” reports Kathryn Rubino in Above The Law.

“Yes, some firms have matched the new compensation scale, but large swaths of the industry seem to be taking a wait-and-see approach.”

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“Almost three weeks have passed since Milbank first announced its new salary scale, and while a number of Am Law 100 firms and boutiques have already matched, associates are growing impatient with this waiting game. When will Biglaw firms show them the money? As it turns out, some firms may be,” reports Staci Zaretsky in Above The Law.

“Above the Law has been told that reviews are well underway at at Cooley a firm that came in at No. 19 in the most recent Am Law 100 ranking, having brought in $1,552,149,000 gross revenue in 2020. As part of that process, sources say reviewing partners have told associates that their new salaries are equal to the Milbank scale. But wait.”

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