“The march of Biglaw salary matches continues. Following Milbank’s decision to up associate base salaries, firms have started to join the party with raises here and there. Moments ago, one of the largest firms in the world opted to join the prevailing scale. And with over 4,000 attorneys at this point and,” reports Joe Patrice in Above The Law.

“Remember everyone, We depend on your tips to stay on top of this stuff. So when your firm matches. Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file. And if you’d like to sign up for ATL’s Bonus Alerts which is the alert list we’ll also use,”

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“What’s a fun way to ensure your associates will not only have a fabulous Friday but a wonderful weekend as well? How about an early morning memo about their shiny new salaries? That’s exactly what the latest firm to match Milbank’s new salary scale did just a few short hours ago. Thanks to,” reports Staci Zaretsky in Above The Law.

“There’s yet again a new prevailing salary scale, and Biglaw firms are racing to increase their own salaries in response to the move. Which firm is the latest to adopt $215,000 as its new starting salary? That would be Fried Frank, a firm that’s currently ranked at No. 60 on the Am Law 100. The firm took about a week to match the,”

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“As the U.S. deals with yet another wave of COVID infections thanks to the omicron variant, Biglaw firms are trying to figure out what their “new normal” will look like. For some firms, it involves permanent work-from-home flexibility, and for others, it involves a hybrid theory of office work mixed,” reports Staci Zaretsky in Above The Law.

“For other firms still, the new normal involves opening offices in the burbs so that associates and partners alike need not worry about whether the commute is worth it after all, they’ll be working near home. This is the plan that Greenberg Traurig ranked at No. 16 in the most recent Am Law 100, with $1,730,230,000 gross revenue in 2020,”

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“Oh, baby, baby! The competition for 2021 Lawyer of the Year honors was not a close one, not even one little bit. Our top candidate took home more than 50% of the vote, while our second-place finisher had just 11% of the total tally. In fact, the new titleholder secured almost 150 more votes than this year,” reports Staci Zaretsky in Above The Law.

“In a year where some of the most important news circled around the frivolous litigation in the wake of 2020’s presidential election, it makes sense that the lawyer who came out on top had absolutely nothing to do with it. America needed a break from lawyers trying to protect FREE DUMB, and voted for an attorney who was trying,”

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“Are you a Biglaw attorney? Are you miserable? Yes, obviously the global pandemic makes everything worse, but even before that there was a deep thread of unhappiness in far too many lawyers. Well, you aren’t alone. And on this episode of The Jabot podcast, we talk about making changes to be,” reports Kathryn Rubino in Above The Law.

“I’m joined by one of my closest friends, Stephanie Wilkins, on the podcast. Steph was on track for Biglaw partnership when she decided to hang it all up to travel the world and be a freelancer. We discuss the highs and lows of giving up your legal career, the price of happiness, freelance work in the time of COVID-19, and more. The Jabot,”

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“As corporate transactions picked up at the end of 2020, there were signs the Big Law talent market was ready to take off. Still, nobody could have predicted the frenetic pace of lateral moves in 2021. The 50 largest firms hired nearly 1,100 lateral partners through mid-December, according to Firm,” reports Roy Strom in Bloomberg Law.

“Which tracks law firm rosters. That’s up 76% from 2020 a relatively down year for Big Law moves during the pandemic. It’s also a 20% jump from 2019, when things were more normal. While this story highlights partner moves, it was an even a bigger year for associate hiring, as firms scrambled to handle the flood of work in a high,”

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“I am running out of words to describe how utterly bonkers the Biglaw lateral market is. I mean, yes, fire is still accurate or red hot if you prefer and yeah, it’s going to keep on going. And law firms are emptying their arsenals raises, special bonuses, signing bonuses, retention bonuses and,” reports Kathryn Rubino in Above The Law.

“Now there are some hard data points to put with the Great Lateralization. The legal data company Decipher, which provides firms with due diligence on lateral hires, as reported by ABA Journal, has quantified the lateral moves. And, the high-level numbers are eye-popping: through September 30th, 13,987 associates moved to new firms,”

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“Big Law firms face a tall task this year repeating their financial performance in 2021, when a surge in demand for premium lawyers’ time drove revenue increases not seen since before the Great Recession. Law firm leaders got a taste of what 2021 would be like in the last three months of 2020 as,” reports Roy Strom in their Bloomberg Law.

“A hot economy brimming with liquidity began powering some of their most important practice groups. Deal flow never let up: Private equity transactions surged to a record last year and helped the broader mergers and acquisitions market set an all-time high with more than $5 trillion in deals. Add it all up and law firms saw their top line.”

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“I’m gazing at my crystal ball to divine what’s in store for Big Law from return-to-office to DEI and more. It’s that time of the year when I gaze into my crystal ball to see what lies ahead for Big Law. Here’s what I predict for this new year The big day for the big return will be set back indefinitely. Senior,” reports Vivia Chen in Bloomberg Law.

“partners and their Wall Street counterparts will rant about how remote work endangers firm culture, the sacred apprenticeship model, collaboration, and Western civilization itself. But who’s taking them seriously anymore? Eventually, the masters of the universe will realize they can’t control the Covid virus and stop pestering the troops.”

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“Even though announcements may be slower in the new year, bonus season is still in effect. We continue to live in unprecedented times, and in 2021, that translated into one of the wealthiest Biglaw firms of all keeping associates nervously waiting with bated breath until the bitter end to find out,” reports Staci Zaretsky in Above The Law.

“Morgan Lewis & Bockius came in 7th place in the most recent Am Law 100 ranking, taking home $2,446,000,000 gross revenue in 2020. This firm can certainly afford to pay out big bonuses, but beginning in mid-December, we started receiving messages from worried associates, wondering why the firm hadn’t made an announcement yet.”

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“Firms are thriving and lawyers are working more than ever, and there appears to be no end in sight as the industry adapts to the second year of Covid-19. This year saw surging associate compensation, record levels of deals activity, a hot talent market, and multiple rounds of office return plans for the country,” reports Ruiqi Chen in Bloomberg Law.

“Associates gained the most leverage that they’ve ever had in Big Law amid growing concerns about lawyer burnout. Here are some of the biggest legal stories of 2021, as told by the numbers. At least 74 of the top 100 law firms in the U.S. are allowing associates to work from home. The overwhelming consensus in favor of a hybrid schedule reflects.”

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“Some elite Biglaw firms are known for offering market-beating bonuses for their biggest billers. Year after year, they prove that they’re willing to pay for the most committed legal talent by adding tens of thousands of dollars to their regular year-end bonus payouts. Hot on the heels of announcing that,” reports Staci Zaretsky in Above The Law.

“It would allow its lawyers to work remotely, indefinitely, from anywhere in the country, the top 30 Am Law firm unveiled its 2021 bonus matrix. As usual, there are some pretty big rewards in store for those who truly dedicated their lives to the firm. Associates who billed between 2100 and 2399 hours will receive a bonus equal to the market.”

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“As 2021 rolls to a close, it is nice to do some reflection on how the year the second of the COVID pandemic treated you. For Biglaw firms, the answer to how was 2021 seems to be an enthusiastic awesome, at least as it pertains to finances. Biglaw had a banger 2021 as far as money goes, and firms,” reports Kathryn Rubino in Above The Law.

“West Coast mainstay Wilson Sonsini Goodrich & Rosati have announced their annual bonuses. The firm, which had $1,130,000,000 in gross revenue last year, making it 36th on the Am Law 100, will be matching the market rate for year-end and special bonuses popularized a few weeks ago. That is, if the associates bill enough, Associates.”

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“Bonuses are making their way through Biglaw, By and large, the industry had a successful year, and firms are sharing that monetary success with the attorneys who made it all possible. That’s good news for associates who spent the year billing and could use some extra cash to probably pay down,” reports Kathryn Rubino in Above The Law.

“The latest firm to announce bonuses of both the annual and special varieties is Arnold & Porter Kaye Scholer. The firm made $961,900,000 in gross revenue last year, making it 46th on the Am Law 100. As expected, the firm will be matching the prevailing market rate on those bonuses. Associates in good standing will get bonuses according to.”

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“We are officially in the thick of Biglaw bonus season, with firms rushing to show their appreciation to hardworking associates with some cold, hard cash. Money may not buy happiness, but it sure will help you pay down your students loans. The latest firm to announce their associate bonus,” reports Kathryn Rubino in their Above The Law.

“Both the annual and special variety, is Baker McKenzie. In the grid below, you can see that not only is Baker McKenzie matching the year-end and special bonuses for the class of 2020 and more senior but they are also offering a 25 percent premium on both if associates hit the 2300-hour threshold. Noticeably off this grid. The Class of.”

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“Biglaw’s been out there throwing around money to associates in the face of a busy year and a hot lateral market. But they aren’t the only ones with big money to share. Kaplan Hecker & Fink, an elite litigation boutique founded only a few years ago by Roberta Kaplan,  announced their own bonuses. And,” reports Kathryn Rubino in Above The Law

“Even adding in the special bonuses some firms are giving out, the numbers at Kaplan Hecker are better.  And though the firm is young, this isn’t the first time the firm has beaten the market. In memory of extended members of the firm, they’ll be matching donations to the St. John’s Family Center. Plus Kaplan Hecker is going to match up.”

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“Money, money, money, and much more money: That seems to be the theme this week throughout Biglaw, as bonus announcements are made one after the other, ad infinitum, in the wake of Davis Polk’s match with the addition of special bonuses for all associates. This is now the new market bonus,” reports Staci Zaretsky in Above The Law

“Law firms are quickly lining up to make their matches. After all, this lateral market is still hot like fire, so firms need to prove that they’re up to snuff and fast. The latest firm to speak up on bonuses is Shearman & Sterling, which made its announcement just before 6 p.m. last night. Of course the firm matched market, and here’s the 2021 bonus.”

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“Thanks to Davis Polk’s long-awaited announcement, the Biglaw bonus levees have officially been breached, and law firms are making their own bonus announcements left and right. Watch out for the flood of cash that’s about to flow through the legal profession. Debevoise Plimpton a firm that brought in,” reports Staci Zaretsky in Above The Law.

“A firm that brought in $1,224,942,000 gross revenue in 2020, putting it at 31 in the most recent Am Law 100 made its own bonus announcement this afternoon. Lo and behold, the firm has matched both the Cravath bonus scale and the Davis Polk special bonus scale. According to the memo sent to all associates, here’s what that looks like.”

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“The current Biglaw lateral market is overwhelming. There are more variables influencing associates career planning and strategic decision making than ever before.  A byproduct is that getting started on a lateral search can be intimidating.  My goal here is to advise you on how to take the first few steps,” reports Above The Law in their blog.

“Because the way in which you target and contact firms can hugely influence your ability to make a change. Below is a list of factors I encourage you to consider, and a quality recruiter will view each as an opportunity to maximize the likelihood of attractive offers. Take advantage of active markets like this one to at least do your diligence.”

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“Since we broke the news of the market bonus scale for associates at large law firms in the United States a trend started on Monday, November 22, 2021 — several firms quickly fell in line and matched the scale. The rest seem to be waiting for another firm to enter the scene ahem, Davis Polk and,” reports Staci Zaretsky in Above The Law.

“As usual, we are compiling a table of all the firms that have already matched the new bonus scale, whether special bonuses are or were included, the minimum hours required to receive those bonuses (if available), and the date those bonuses will be paid. Today, we unveil that table for your viewing pleasure. We will update this table on a daily.”

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