Credit: Adobe Stock Law Firms Risk Bad Optics With Lavish Year-End Bonuses
"It's important to think carefully about these bonuses and rate increases, because decisions that clients view as tone deaf can come back to bite, said Fred Paulmann, a former senior attorney at Pfizer Inc. and founder of the Counsel Management Group.
December 13, 2022 at 07:42 PM
4 minute read
In-house legal chiefs already bristling at outside counsel rate hikes may find themselves chafing at Big Law's rollout of year-end bonuses, many in the six-figure range for eighth year associates. While these events are hardly unexpected, they are also playing out amid widespread tech industry layoffs and an undercurrent of economic precarity that lends an air of insouciance to this year's parade of bonus announcements.
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