Monday BigLaw Merry-Go-Round (Dec 13, 2021)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"Reaching for the stars: Our second annual legal workplace survey," Canadian Lawyer
"Big Law Firms Offering Jobs Without Interviews in Response to Deal Surge," Law.com International
"Law Firms Made Historic Gains in 2021. They'll Be Hard to Maintain in 2022.," The American Lawyer
"Growth in demand for law firm work hit highs in 2021, report says," Reuters
"Overworked Big Law Can't Find Enough Lawyers With Demand Surging," Bloomberg Law
"Lawyer burnout is 'a real issue' as demand for legal work outpaces growth in lawyer head count," ABA Journal
"The Cost of the Talent War: Bonuses, Raises Drive Up Big Law Compensation Expenses by Double Digits," American Lawyer
"Big Law Budget Pressure Is Back," Law.com
"Cravath Adopts Modified Lockstep Compensation System," The American Lawyer
"In the Midst of a Talent War, Lockstep Can't Last-Even at Cravath," The American Lawyer
"Cravath abandons strict pay model, joining most law firm peers," Reuters
"Morrison & Foerster Joins Growing Roster of Big Law Firms with Diversity Billable Hour Credit," The Recorder
"Will Rising Equity Partner Pay Force Firms to Adjust the Search for New Talent?," The American Lawyer
"As More Firms Dole Out Bonuses, Several Give Extra to Big Billers," The American Lawyer
"Law Firms Stalled After Cravath Bonus, but Fall in Line to Follow Davis Polk," The American Lawyer
"Davis Polk Matches Cravath and Adds 20% 'Special Bonus'," The American Lawyer
"Paul Weiss, Paul Hastings and Debevoise Match Davis Polk Bonuses," The American Lawyer
"Law firm bonus wave continues, with boost from Davis Polk," Reuters
"With Profits and Hours Rising, the Stakes Are High for Equity Partner Comp Allocations," The American Lawyer
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By Charlotte Weeks and Shauna C. Bryce, Esq.
About the Authors
Charlotte Weeks, a dual-certified career coach and résumé writer, is the President of Weeks Career Services, Inc. She specializes in helping executives find meaning in their work and advance in their careers.
Providing services of the highest quality, Charlotte begins by assessing each client’s needs and customizing individual solutions. These include writing effective career marketing documents as well as coaching on uncovering opportunities, preparing for interviews, and negotiating salary. She is also an international speaker and a past president of The National Résumé Writers’ Association.
Charlotte has served as a featured expert for media outlets including NBC, Time Magazine, and The Wall Street Journal. She is the author of “I Want to Work in an Association, Now What???: A Guide to Getting a Job in a Professional Association, Membership Organization, or Society”and featured author of “101 Ways to Enhance Your Career.”
For more information, visit: www.weekscareerservices.com
Shauna C. Bryceis a Harvard Law School-educated lawyer who was on the hiring committee of an Am Law 200 law firm. She’s an author of several books, a contributor on legal careers to Forbes, Bloomberg Law, the American Bar Association, Lexis/Nexis, and many more, as well as an affiliate member of NALP and a president emeritus of The National Résumé Writers’ Association.
As one of the country’s best known résumé writers and career coaches, Shauna’s also worked with some of the nation’s top attorneys, who’ve worked places like Google, Dreamworks, Major League Baseball, the U.S. Supreme Court, and the White House. She’s also helped those just starting their legal careers, including law students getting their résumés ready for on-campus interviews (OCIs), summer associate positions, law clerk positions, externships, internships, judicial clerkships, and first-year associate roles. She’s even coached Tier 4 law students to compete with students at Top 5 schools to land high paying jobs in Am Law 100 law firms.
For more information, visit www.brycelegal.com