The firm cited concerns over how such an act would be perceived by clients who may be under financial duress as a primary driver in the decision.
October 06, 2020 at 11:55 AM
1 minute read
The original version of this story was published on American Lawyer
Paul, Weiss, Rifkind, Wharton & Garrison has joined other high-earning firms such as Cravath, Swaine & Moore and Kirkland & Ellis in electing not to issue special ‘COVID-19’ bonuses to its employees, citing concerns over how such an action would resonate with its clientele.
In an internal memo obtained by The American Lawyer, Paul Weiss chair Brad Karp said that after “careful consideration,” the firm would maintain its normal December bonus schedule in lieu of the supplemental issuance.
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