cravath

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Latest blogosphere posts tagged “cravath”

• Mayer Brown Bonuses Match Cravath

  
  JD Journal — Authority: 484
  Mayer Brown associates got the news on Christmas Eve - the firm is matching the Cravath bonus scale.  $7500 for first years, $30k for senior associates and the same sliding scale in between.  What associates have not yet been told is whether or not they’re getting a pay raise next year.  Mayer Brown froze ...
  8 hours ago

• Morning Roundup

  
  JD Journal — Authority: 484
  Good morning everyone!  Today is Monday, December 28, and here’s a look back at the news from last week. Kirkland & Ellis paid out bonuses … Newly released records detail Rothstein’s non profit activities … Cravath confirmed that no new partners will be named this year… A dozen lawyers  have ...
  9 hours ago

• Cravath Confirms: No Partners to be Named in 2009

  
  JD Journal — Authority: 484
  Making partner at a big New York firm has been a possibility for only the shining stars of the legal profession.  In this recession, however, the chances of becoming partner have quickly gone from bad to worse.  At many prominent firms, the number of new partners has significantly dropped: four at Cleary Gottlieb ...
  5 days ago

• Legal slaughterhouse: no new partners at Cravath

  
  FP Legal Post — Authority: 437
  The ABA Journal reports that Cravath Swaine & Moore is making no new partners this year. The firm says its not the economy, but the fact that "no one met our standards." Few of the 80 associates who joined the firm in 2002 are still there. Many left to take up investment banking. Not that investment banking ...
  5 days ago

• Cravath: Zero Associates Worthy of Partnership

  
  Above the Law — Authority: 678
  As the partner announcements (or lack thereof ) trickle in, I keep thinking back to the line about partnership in the Simpson Thacher documents that we published earlier this month: We are going to need to continue to be extremely circumspect in making new partners ... In an environment in which net income is ...
  5 days ago

• Quinn Emanuel Bonuses

  
  JD Journal — Authority: 484
  Quin Emanuel is making its naughty and nice list.  Those who were naughty are getting a lump of coal, and those that were nice are getting a bonus - in some cases a very nice bonus. Bonuses are being paid by class depending on the number of hours billed.  To qualify for the smallest bonus, an associate needs to ...
  5 days ago

• Stroock Pays Bonuses, Lifts Salary Freeze

  
  JD Journal — Authority: 484
  Stroock  is handing out bonuses this year, and like so many before them, they’re paying on the Cravath schedule.  That is, any associate that hit their billable hours target of 1900 will get a Cravath size bonus and the firm says that those that “made extraordinary contributions to the firm” will get a bit ...
  1 week ago

• Dewey & LeBoeuf Match Cravath Bonuses

  
  JD Journal — Authority: 484
  Same song, different singer.  Dewey & LeBoeuf will follow the Cravath bonus scale (not the slightly better Sullivan & Cromwell scale).  $5-$30k depending on class year.  Cravath bonuses were announced November 2nd.  Since then Cleary, Skadden, Wilkie Farr, Simpson Thatcher, Davis Polk, Debevoise & ...
  1 week ago

• Tough times at Cravath, Swaine & Moore

  
  Reading Tea Leaves by Randy Wilson — Authority: 131
  Last week I gave a talk to recent law graduates who were contemplating solo practice.  Not so much because they were excited about going out on their own but  because Big Law and even Not So Big Law isn’t hiring so much. More evidence of that comes from Elizabeth Wurtzel’s  piece in the Wall Street Journal ...
  1 week ago

• Finance Layoffs and Hirings: Wells Fargo and more

  
  Dealscape — Authority: 582
  Theres some bad news for bankers and lawyers. There have been several rounds of layoffs, and right before the holiday season. Heres the latest reports and rumors: Wells Fargo & Co. (NYSE:WFC) is cutting 62 positions at a lending administration center in Northern California, according to the Granite Bay ...
  2 weeks ago

• Is There a New Standard for Bonuses?

  
  JD Journal — Authority: 484
  Up until this week, the scale for bonuses seemed pretty set in stone with every firm falling in lockstep with Cravath.  But earlier this week Sullivan & Cromwell dared to be different.  Of course, it’s only different if you’re a senior associate in which case you’ll get an extra $5000, small consolation ...
  3 weeks ago

• More Bonus News - And it’s a Little Different

  
  JD Journal — Authority: 484
  Two more firms have announced their bonus schedules and they’re a bit different from the Cravath scale. Sullivan & Cromwell is paying bonuses ranging from $7500 to $35,000 depending on class year.  The only change is at the high end where senior associates will receive $5000 more than at firms on the Cravath ...
  3 weeks ago

• More Bonuses

  
  JD Journal — Authority: 484
  -Insert cookie cutter story here- Debevoise & Plimpton announced bonuses today.  Second verse, same as the first… I’m rapidly running out of new and creative ways to say this, so here it is - it’s the same bonus schedule first issued by Cravath, then followed by Cleary Gottlieb, Skadden, Wilkie Farr, ...
  4 weeks ago

• Davis Polk Bonuses

  
  JD Journal — Authority: 484
  Davis Polk has announced its year end bonus schedule and, surprise!, it looks all too familiar.  Yup, it matches the bonuses put out by Cravath , which match the bonuses of every biglaw firm to announce bonuses in the days after Cravath set the bar.  New associates are receiving $7500, with seniors making ...
  4 weeks ago

• A Look at Xeroxs Big Concessions in Its ACS Deal

  
  DealBook — Authority: 775
  Xerox gave up some hefty concessions in a Texas lawsuit over its deal for Affiliated Computer Services. The Deal Professor examines why it may have done so.
  5 weeks ago

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