The boom-year bonus has evolved from a surprise dividend to an expected part of associate compensation. The dilemma for law firms seems to be whether to hand out bonuses or risk alienating associates. When one law firm chairman was told before Christmas that a dozen other firms had already conformed to the precedent of the last few years, promising special bonuses of up to $30,000 per associate, he said, "Well, that's depressing."
January 18, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The boom-year bonus has evolved from a surprise dividend to an expected part of associate compensation.
The dilemma for law firms seems to be whether to hand out bonuses — for an aggregate cost of several million dollars — or risk alienating associates.
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