Are Associate Sign-On Bonuses Back? Not Just Yet, Recruiters Say
Mid- and senior-level associates are getting bonuses in isolated instances, but an expected M&A boom in 2025 could popularize sign-on bonuses once again.
December 04, 2024 at 06:00 AM
3 minute read
What You Need to Know
- In-demand practice areas have offered sign-on bonuses to stellar associates in recent months.
- However, most associates switching firms right now won’t be extended a sign-on bonus.
- The dynamic could change in 2025 as capital markets and M&A practices are already observing a bump in demand heading into the second Trump administration.
If you’re a midlevel or senior associate in a transaction practice who’s weighing a move to your next firm, hang tight. Sign-on bonus season may be around the corner.
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David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
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