Feast or Famine Market Threatens Big Law’s Prestige Bubble

Here are the day’s top coronavirus stories from the team at Bloomberg Law:

• FEAST OR FAMINE: There have been signs recently that the gap is widening between the richest Big Law firms and the rest of the pack. But the news this week—Wall Street firms unlocking war chests to boost partner pay and making splashy associate bonuses—brought that trend into sharp perspective. Now the market for associate compensation is suddenly facing a long-rumored moment of reckoning. What “Above the Law” called “COVID-19 bonus wars” could cause firms to rethink their position in the market.
• UNIVERSITY INSURANCE POLICIES: ...