Gibbs & Bruns, a 34-lawyer litigation boutique in Houston, recently set a high bar for associate bonuses by paying bonuses to its 10 associates that are at least as large as their yearly base salary. The firm paid the bonuses to associates during the past year, but a big chunk of money went out in mid-April, in the wake of two large, recently finalized litigation settlements. The firm has had a good run of settlements during the past 12 months, with settlements exceeding $500 million.
Litigation Boutique Pays Salary-Equaling Bonuses
April 20, 2006