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Goodwin and Skadden signs. Photo: ALM Goodwin and Skadden signs. Photo: ALM

Skadden, Arps, Slate, Meagher & Flom and Goodwin Procter both announced late Thursday they will forego fall bonuses, electing to keep their original bonus schedules. However, firm leaders indicated they would take into consideration other firms’ fall bonuses when they pay their annual bonuses to associates.

In a video sent to firm partners, counsel and associates, Skadden executive partner Eric Friedman said the firm was going to hold off on bonuses until the end of the year, its normal schedule, in part driven by the firm’s desire to allow those hit harder by the pandemic to hit necessary qualifying hours. 

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Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd

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