In the first of a two-part series, The Legal Intelligencer surveys Philadelphia law firms about their bonus programs. Although the criteria -- number of billable hours, work quality, fee origination and firm citizenship -- remain essentially the same, the amount of money handed out to associates each year has grown.
April 25, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
As transactional practices have slowly improved, so have the sizes of associate wallets.
Associate salaries at Philadelphia’s major law firms were raised as much as $10,000 in recent months to a standard of $115,000. And now, after a lull period that corresponded with the economic doldrums of the past three years, associate year-end bonuses also appear to be more bountiful.
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