Monday BigLaw Merry-Go-Round (Mar 7, 2022)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"GCs Aren't All Bark When It Comes to Complaints About Big Law's Salary War," Corporate Counsel
"Cravath Tops Davis Polk Salary Scale for 4th Years and Above," The American Lawyer
"Large law firms rush to match Cravath's salary hikes for associates," Reuters
"First Big Law Firms Match New Cravath Associate Salary Scale," The American Lawyer
"Cravath leapfrogs rival firms' pay, offering associates up to $415K," Reuters
"Deluge of law firms join Davis Polk pay-raise rush amid battle for associates," Reuters
"The List of Am Law 100 Firms Matching Davis Polk's Associate Scale Is Growing," The American Lawyer
"Cooley Revenues Approach $2B in Major Growth Year," The American Lawyer
"Reed Smith Credits M&A, PE for 9.6% Revenue Growth in 2021," The American Lawyer
"Merging Legacy Systems, Contractions in Equity Tier Helped Faegre Drinker Grow Profits 15%," The American Lawyer
"Sheppard Mullin, Entering New 'Echelon' of Big Law, Surpasses $1B Revenue Mark," The Recorder
"Nixon Peabody Grows Revenue 7.8% in New Chair's First Year," The American Lawyer
"Cozen O'Connor PEP Surpassed $1M in 2021 'Perfect Storm'," The Legal Intelligencer
"Baker & Hostetler Sees 6% Revenue Growth Amid Deeper Ties to Key Clients," The American Lawyer
"Fisher & Phillips Sees Revenue and Profits Gains Amid 'Era of Employee Empowerment'," The American Lawyer
"Burr & Forman, Seeing 8.6% Rise in Profits per Partner, Raises Associate Pay Twice," The American Lawyer
"This Firm Is Giving Associates $25k to Return to the Office," New York Law Journal
"How Did Big Law Profits Surge? Demand and Big Rate Hikes Were Key," The American Lawyer
"Here's Why Profit Growth Will Be Tougher in 2022," The American Lawyer
"Arent Fox Completes Merger With Schiff Hardin," The American Lawyer
"Robust Entry-level Law Firm Recruiting Activity Reflects Broader Competition for Legal Talent," NALP
"Law Student Recruiting Bolstered By Robust Associate Market," Law360
"Biglaw Firms Score With Historic Offer And Acceptance Rates For Summer Associate Recruitment," Above the Law
"NALP: 'Law Firms Are Scrambling For Talent, At Both Lateral And Entry Levels'," TaxProf Blog
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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