Bonuses May Not Be Enough to Solve Big Law’s Associate Problem

A new pair of bonuses recently introduced by Big Law to reward and retain associates may not be enough to keep them in their seats in a hot job market and amid what recruiters call increasing lawyer burnout.

Willkie Farr & Gallagher and Davis Polk & Wardwell kicked off the new bonus race earlier this month, offering up to $64,000 per attorney. The payments vary based on seniority and are contingent on keeping in “good standing.”

Through March 29, more than 20 Big Law firms have matched this “special bonus” scale, including Cleary Gottlieb Steen & Hamilton, Cooley, Fenwick ...