Skadden Arps Slate Meagher & Flom has revealed that it is to drop its special bonus payout for associates. The special bonus was implemented by the elite US firm last year. The firm will continue to pay out its usual year-end bonus to all associates.The prudent decision from Skadden is likely to be followed by similar moves by other top US firms in light of the continuing economic turmoil.
November 20, 2008 at 07:27 AM
1 minute read
The original version of this story was published on Legalweek
Skadden Arps Slate Meagher & Flom has revealed that it is to drop its special bonus payout for associates.
The special bonus was implemented by the elite US firm last year. The firm will continue to pay out its usual year-end bonus to all associates.
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