Salaries

Simmons & Simmons Chief Warns Skyrocketing Lawyer Salaries May Lead to Unsustainable Future

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LONDON — The rapid escalation of salaries in the legal profession has sparked concerns over sustainability, according to top executives in the industry. Jeremy Hoyland, managing partner at international law firm Simmons & Simmons, has voiced significant worries about the current trajectory of lawyer compensation, marking a pivotal moment for law firms worldwide. This expression of concern comes amidst a broader trend where starting salaries for new lawyers at leading law firms are reaching unprecedented heights. For instance, some U.S. law firms now offer starting salaries as high as $215,000. This steep increase is not … Read more

Georgia Legislation Introduced to Standardize and Increase Judicial Salaries for Fairness and Transparency

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Atlanta, GA – In a significant move aiming to recalibrate the financial structure of Georgia’s judiciary, Rep. Rob Leverett, a Republican from Elberton, has introduced a twin-bill legislative package designed to reform how state-wide and Superior Court judges are compensated. The proposals, set to be introduced in the upcoming 2025 legislative session, seek to establish a new framework for setting judicial salaries and to create a more transparent and equitable system across the state. The legislation follows ongoing discussions about the need to modernize and standardize judicial compensation in Georgia. Leverett’s office described the initiative … Read more

Staten Island Power Couple Accused of ‘Double Dipping’ with Six-Figure Pensions and Salaries

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STATEN ISLAND, N.Y. – A power couple consisting of the district attorney and a state Supreme Court judge in Staten Island is facing criticism for “double dipping” by receiving substantial taxpayer-funded salaries and pensions. District Attorney Michael McMahon and Judge Judith McMahon are both earning six-figure salaries while also collecting government pensions, according to sources. McMahon retired from government service in December but continues to serve as the borough’s chief prosecutor. It is likely that his pension is over $130,000. The situation has raised eyebrows among political insiders, who believe it is not a good … Read more

The Untold Story of Big Law Associates: High Salaries Mask the Stress and Layoffs

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NEW YORK – Big Law associates in 2023 enjoyed high salaries despite billing fewer hours than in previous years, according to a recent analysis. However, a closer examination reveals that the situation is not as rosy as it may seem on the surface. While it is true that average hours billed by associates in 2023 decreased by nearly 8% compared to 2021, it is important to understand the reasons behind this decline. Associates in 2021 were already working unhealthy and unsustainable hours, with some even experiencing serious health issues. One associate reportedly suffered a heart … Read more