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WHAT WE’RE WATCHING

FEELING THE BURN - “Money can’t buy happiness.” It’s the cliché of all clichés. And yet, law firms still don’t seem to have gotten the message. As Law.com’s Christine Simmons writes in this week’s Law.com Barometer newsletter, high deal activity, including the craze over SPACs, has created a surge in demand for dealmakers and advisers, a year into the pandemic. The result: non-stop working hours, made worse by working from home. Firms’ response in many cases? Throwing cash at the problem, in the form of bonuses. But, Simmons notes, the monetary rewards are a short-term fix: “If firms are intent on having a diverse attorney workforce, finding other rewards as well as having reasonable schedules and demands on associates—before too much talent flees to smaller firms or in-house legal departments—is key.” To receive the Law.com Barometer directly to your inbox each week, click here.

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