Want to get this daily news briefing by email? Here’s the sign-up.


THE YOUNG AND THE RESTLESS - It would appear Big Law’s associate bonus bonanza is having its intended effect—for now. As Law.com’s Andrew Maloney reports, the extra cash has kept some overworked and underslept associates from moving to midsize firm competitors or ditching Big Law entirely. But as young lawyers continue to stare down all-consuming deal work and seemingly endless hours, large firms are going to have to get more creative and holistic to retain top associates for the long haul, law firm leaders and others said. Lawyers, in general, want more from their firms besides compensation, especially in the COVID-19 era, said Paulita Pike, Chicago office managing partner at Ropes & Gray. “People need to be happy and rested,” Pike said. “It can’t be just the money and the vacation. The environment has to be supportive, because if people don’t feel that, they’re not going to stay.” This is the third part of a series about how the pandemic has changed lawyers’ work schedules and billable hours. See parts one and two here.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]