The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Shearman & Sterling has become the latest US firm to jump aboard the associate bonus bandwagon.
In a statement it announced that it would provide special bonuses to all US track associates, along with the firm’s annual class-year bonuses.
The special bonuses will range from $10,000 (£4,800.16) to $50,000 (£24,000.80), while class-year bonuses will range from $35,000 (£16,800.56) to $65,000 (£31201.04).
The statement said Shearman was committed to offering its associates a “superior professional experience”, combining challenging client work and significant learning opportunities with market-level compensation.
“This combination ensures that we are able to attract and retain the 'best and brightest' and to provide exceptional service to our clients,” the firm added.
The increase reflects a market-wide uptick in associate bonuses kicked off last Tuesday (30 October) by Cravath Swaine & Moore.
Cravath's awards range from a $35,000 (£16,900) end-of-year bonus for first years to a total $110,000 (£53,000) for class of 2001 and 2000 associates (consisting of $60,000 end-of-year and $50,000 special bonuses).