Credit: aumvector/Shutterstock.com More Bonuses in Store for Big Law's Top Performers After Paul Weiss' Move
"This is reminiscent of the same associate talent wars that happened during other inflection points in the economy over the last few decades," said Avis Caravello, a San Francisco-based recruiter who specializes in partner and group placements. "Typically, the New York firms will lead with bonuses, and then Silicon Valley firms will jump in."
October 29, 2021 at 03:52 PM
4 minute read
The original version of this story was published on The American Lawyer
With just over two months left in a whirlwind year that has stretched attorney workloads to the limit, firms are seizing opportunities to reward their lawyers. After Paul, Weiss, Rifkind, Wharton & Garrison announced discretionary bonuses this week, other firm leaders are planning their own special rewards for those who have contributed most to meeting exceptional client demand.
Independent of Paul Weiss' announcement, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo had its own announcement Thursday, announcing an hours-based bonus of up to $40,000 for associates to be awarded in March 2022, just before the firm's fiscal year ends. (Unlike most others in Big Law, Mintz's fiscal year ends March 31.)
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