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WHAT WE’RE WATCHING
TALENT SHOW - The legal market is far from settled after the haunted roller coaster ride that has been 2020 thus far. But, as Andrew Maloney reports, that uncertainty has not stopped elite law firms from continuing to peacock for legal talent throughout the fall. Just last week, Latham & Watkins became the latest firm to announce fall bonuses for its associates, matching the scale set by Davis Polk & Wardwell back in September. And while we’ve previously discussed the dangers of joining the Big Law bonus battle at such a precarious time, Michelle Fivel, a partner at recruiting firm Major Lindsey & Africa, told Maloney that upper-echelon firms like Latham may not have to worry as much. “The firms that are doing these special bonuses are the ones that are doing extremely well financially. They’re very busy. Some of them are above their pre-COVID budgets. So I don’t see risks to [handing them out],” she said.
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