YearEnd Archives - Home Safety Tech Pros

Chief Justice Roberts Issues 2024 Year-End Report

homesafetytechpros — Wed, 01 Jan 2025 00:53:16 +0000

Chief Justice John G. Roberts, Jr., has issued his 2024 Year-End Report on the Federal Judiciary (pdf).

This is the 20th report Chief Justice Roberts has issued since he was appointed chief justice in 2005.

For reports from previous years, visit the U.S. Supreme Court website.

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Taking the BigLaw lead, Milbank announces year-end bonuses

homesafetytechpros — Tue, 03 Dec 2024 12:14:19 +0000

Law Firms

Taking the BigLaw lead, Milbank announces year-end bonuses

By Debra Cassens Weiss

November 12, 2024, 9:05 am CST

Milbank announced Monday that it will be matching last year’s year-end bonus scale. (Image from Shutterstock)

Milbank announced Monday that it will be matching last year’s year-end bonus scale, paying associate bonuses that range from $15,000 to $115,000.

Milbank was the first BigLaw firm to announce 2024 bonuses, in keeping with its frequent practice. Above the Law broke the bonus news, followed by Law.com.

Last year, Milbank announced pay hikes along with year-end bonuses. That didn’t happen this year. But Milbank is the only BigLaw firm that also paid summer bonuses this year.

When Milbank’s year-end bonuses are combined with summer bonuses, the amounts range from $21,000 to $140,000.

Here is the schedule for year-end bonuses, followed by the total when combined with summer bonuses:

• Class of 2024: $15,000 year-end, $21,000 total

• Class of 2023: $20,000 year-end, $26,000 total

• Class of 2022: $30,000 year-end, $40,000 total

• Class of 2021: $57,500 year-end, $72,500 total

• Class of 2020: $75,000 year-end, $95,000 total

• Class of 2019: $90,000 year-end, $115,000 total

• Class of 2018: $105,000 year-end, $130,000 total

• Class of 2017: $115,000 year-end, $140,00 total

• Class of 2016: $115,000 year-end, $140,000 total

The bonuses are prorated based on start dates and part-time work. They will be paid by Dec. 31.

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More BigLaw firms match Milbank’s year-end and special bonuses for associates, make no mention of pay hikes

homesafetytechpros — Tue, 26 Nov 2024 14:55:11 +0000

Lawyer Pay

More BigLaw firms match Milbank’s year-end and special bonuses for associates, make no mention of pay hikes

By Debra Cassens Weiss

November 20, 2024, 10:12 am CST

Associates at three BigLaw firms will be getting year-end and special bonuses that total $21,000 to $140,000, the amount being paid by Milbank. (Image from Shutterstock)

Updated: Associates at several BigLaw firms will be getting year-end and special bonuses that total $21,000 to $140,000, the amount being paid by Milbank.

Milbank was the only BigLaw firm that paid special summer bonuses this year. The law firm announced its year-end bonuses last week.

Cravath, Swaine & Moore was the first BigLaw firm to match Milbank’s special and year-end bonuses, Above the Law reported Tuesday evening.

“Virtually all” of Cravath’s associates will receive bonuses because there is no billable-hours requirement, Cravath said.

Two other firms confirmed Wednesday morning that they will also match the Milbank scale, Law.com reports. The two firms are Paul Hastings (also reported by Above the Law) and McDermott Will & Emery.

By Thursday afternoon, these firms had also announced they are matching the bonus scale: Paul, Weiss, Rifkind, Wharton & Garrison; Fried, Frank, Harris, Shriver & Jacobson; Cleary Gottlieb Steen & Hamilton; and Ropes & Gray, according to reporting by Above the Law.

McDermott is also paying merit-based bonuses in addition to year-end and special bonuses, Above the Law reports. Ropes & Gray partnership-track associates will also enjoy additional bonus money if they are credited with at least 1,900 hours but less money if they have fewer hours, according to the blog.

In addition, Fried Frank has said some associates and special counsel may earn a “premium” of $3,000 to $34,500, Law.com reports, citing Above the Law information.

So far, no BigLaw associates are getting raises next year, however. Cravath announced in its bonus memo that associate base salaries will remain the same in 2025. They range from $225,000 to $420,000.

Here is the Milbank bonus scale:

• Class of 2024: $15,000 year-end, $6,000 special, $21,000 total (prorated)

• Class of 2023: $20,000 year-end, $6,000 special, $26,000 total

• Class of 2022: $30,000 year-end, $10,000 special, $40,000 total

• Class of 2021: $57,500 year-end, $15,000 special, $72,500 total

• Class of 2020: $75,000 year-end, $20,000 special, $95,000 total

• Class of 2019: $90,000 year-end, $25,000 special, $115,000 total

• Class of 2018: $105,000 year-end, $25,000 special, $130,000 total

• Class of 2017: $115,000 year-end, $25,000 special, $140,000 total

• Class of 2016 and higher: $115,000 year-end, $25,000 special, $140,000 total

Updated Nov. 21 at 8:45 a.m. to add information on the McDermott Will & Emery bonuses. Updated Nov. 21 at 3:35 p.m. to add additional law firms to the list.

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Chief Justice Roberts Issues 2023 Year-End Report

homesafetytechpros — Mon, 01 Jan 2024 00:37:16 +0000

Main content

Chief Justice John G. Roberts, Jr.

Chief Justice John G. Roberts, Jr., has issued his 2023 Year-End Report on the Federal Judiciary (pdf).

This is the 19th report Chief Justice Roberts has issued since he was appointed chief justice in 2005.

For reports from previous years, visit the U.S. Supreme Court website.

Related Topics: United States Supreme Court

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