Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Hourly billing rates for Big Law associates rose about 15% in the past three years, data shows.But young lawyers' hourly rates don't necessarily reflect what their law firms are making.
Between salary increases and seasonal bonuses, total pay for a first-year associate at a firm like Paul Weiss, Kirkland & Ellis, or Simpson Thacher could be as high as $227,000 this year. That's about 7% more than the $212,500 first-years made last year. That's nearly 17% higher than $570, the going first-year billing rate three years ago. Bodhala said it couldn't share the exact rates charged by specific firms.
"We have not seen an appreciable decrease in first-year hours, including in the pandemic," Bill Joseph, a legal-industry analyst at Thomson Reuters, said. For the past several years,an average of about 135 billable hours a month, according to Thomson Reuters data, compared with about 120 billable hours for equity partners.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
San Sebastian Competition First Wave Includes Terence Davies, Lucile Hadzihalilovic, Claudia Llosa PicsThe 69th San Sebastian Film Festival has confirmed its first crop of Competition titles, including Terence Davies’ Benediction starring Jack Lowden and Peter Capaldi. The movie chronicles different…
Leer más »
US to send first vaccine doses to Africa in coming daysThe U.S. will begin making its first COVID-19 vaccine shipments to Africa in the coming days, with the ultimate goal of sharing 25 million doses this summer across the continent in partnership with the African Union
Leer más »
Meet The Medical Pioneer Who Founded America’s First Black-Owned HospitalDr. Daniel Hale Williams founded Chicago’s Provident Hospital and Training School to serve Black patients.
Leer más »
The War on Drugs Unveil First Studio Album in Four Years, ‘I Don’t Live Here Anymore’The War on Drugs will release “I Don’t Live Here Anymore,” their first studio album since 2017’s “A Deeper Understanding,” on October 29 on Atlantic Records. A North American and European tour sche…
Leer más »
The War on Drugs Preview First Album in Four Years With 'Living Proof'The War on Drugs announced their first album in four years, 'I Don’t Live Here Anymore,' and shared a new song, 'Living Proof.'
Leer más »