Big Law bonus announcements are speaking to associates in a common voice—times are tougher than last year, so be happy with the same award you got in 2021.
The bonus scales that tops out at $115,000 for the most senior firm associates has firms returning to familiar territory, as they kept annual bonuses level from 2014 and 2020, according to data compiled by Bloomberg Law. Top awards jumped 15% in 2021 as firms battled for talent after a rise in client demand.
“Firms are not altruistic by nature,” said Tim Regan, a Houston-based managing partner at legal search consultant Engle, ...
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