Each week, the Law.com Barometer newsletter, powered by the ALM Global Newsroom and Legalweek(year) 2021, brings you the trends, disruptions and shifts our reporters and editors are tracking through coverage spanning every beat and region across the ALM Global Newsroom. The micro-topic coverage will not only help you navigate the changing legal landscape, but also prepare you to discuss these shifts with thousands of legal leaders at the new year-long virtual series Legalweek(year). Click here to learn more and register for the most important virtual legal event of the year!
The Shift: A Discriminating Recession in Big Law
You don’t see any hint of a 2020 recession looking at the financial performances of elite law firms. Many in the Am Law 50 have given out double bonuses to associates in the last two months, with a combined total payout ranging from $22,500 to $140,000, depending on associates’ seniority. And while the year hasn’t ended, bank surveys project moderate to high revenue and profit growth in the legal industry.
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