Photo: lovelyday12/Shutterstock.com Associate Comp Wars Pose Hard Choices for Firms Below Market Elites
New associate wages and special bonuses may put pressure on firms' profitability in the short term and also alienate price-sensitive clients. But losing in-demand associates comes with its own costs.
June 24, 2021 at 05:00 AM
7 minute read
Associate special bonuses and raised salaries this year are expected to have an uneven impact on law firm profitability across the Am Law 200, depending on a firm's financial structure. And making the right choice on whether to match, or not, could serve to further that profitability divide.
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