Compensation Matters

Mallesons to Shake Up Partner Pay as 'Game-Changing' Merger Nears Launch

Legal Week

Mallesons is reviewing its lockstep system in preparation for the financial integration of its Hong Kong partnership with King & Wood's when the merger between the Australian and Chinese firms goes into effect next month. King & Wood's Hong Kong partners will shift to Mallesons' remuneration system, which is likely to become more flexible.
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'New York Scale' for Hong Kong Associates Raises Prospect of Salary War

The Asian Lawyer

The expansion of U.S. law firms is giving some Hong Kong associates the chance to nearly double their salaries. Is a pay war about to set a new standard in the market? Or will darkening economic clouds intervene?
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Federal Judge Conditionally Certifies Class of Former Paralegals Who Allege FLSA Overtime-Pay Violations

Texas Lawyer

In an order this month, a Texas federal judge has conditionally certified a class in connection with a complaint filed by a former paralegal at the Mostyn Law Firm in Houston over allegedly unpaid overtime pay in violation of the Fair Labor Standards Act.
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Hefty Expat Packages Endure for Foreign Lawyers in Asia

The Asian Lawyer

While lawyers in New York and London make do with flat bonuses, colleagues in Asia can count on a generous expat package worth up to $300,000, according to at least one recruiter. Typified by allowances for housing, children's tuition and club memberships, the perk is a remnant of an era when cities like Hong Kong were considered far-flung "hardship posts."
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Andrews Kurth Raises Base Salaries for Some Associates

Texas Lawyer

Andrews Kurth raised base salaries for its top-performing associates on Jan. 1, says Robert Jewell, the Houston-based firm's managing partner. The salary increase is for about 25 of the firm's 134 associates who have at least four years of experience and have worked 2,000 qualifying hours for each of the past two years, Jewell says.
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Healthy Pay Scale Makes District Attorney's Office a Lawyer Magnet

The Recorder

The Santa Clara County, Calif., DA's office is in the midst of a hiring boom. And its top-of-the-scale pay -- and the still relatively weak legal economy -- means it can be highly selective in its hiring. In the past year, the office has hired 14 lawyers but still has 12 slots to fill -- and 700 people have applied.
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Bonus Season: The Most Nerve-Wracking Time of the Year

Daily Business Review

Bonus! For most people, that's an interjection denoting pleased excitement -- but for lawyers, it's a way of life. For most lawyers, bonus season carries all the anticipation and much more anxiety than little Ralphie ever felt in "A Christmas Story."
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Compensation Report Offers Plenty of Good News for In-House Lawyers

Corporate Counsel

In-house lawyers have much to celebrate, according to the results of a recent HBR Consulting survey, which showed bigger year-over-year gains than the previous survey on all measures of compensation. Base salary was reported as up, as were cash bonuses, total cash compensation and total compensation.
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Half of U.K.'s Top 30 Law Firms Look to De-Equitize Partners

Legal Week

Half of the U.K.'s top 30 law firms are either de-equitizing partners or considering it, according to new research, which found that of the 20 firms that completed the survey, nine were already in the process of de-equitizing partners, and another six expected to consider it during the current financial year.
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