As big firms continue to announce special associate bonuses, including those tied to billing targets, some legal market observers have raised alarms over clashing incentives with corporate counsel who are under pressure to tighten budgets and who have not seen the same pay raises.

In-house counsel at Fortune 500 companies and beyond aren’t necessarily surprised some of the nation’s largest firms have raced to hand out bonuses tied to the billable hour, observers said. After all, year-end bonuses at some firms each year have relied on meeting annual billing targets.

This content has been archived.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 Advance® 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]