US law firms are conditioned to doling out tightly banded ‘follow-the-leader’ bonus awards to associates. But, argues Amy Kolz, there is little evidence this practice reflects market reality or even buys them any staff loyalty
September 07, 2011 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
US law firms are conditioned to doling out tightly banded ‘follow-the-leader’ bonus awards to associates. But, argues Amy Kolz, there is little evidence this practice reflects market reality or even buys them any staff loyalty
Last January, most firms in The Am Law 100 thought that they had closed the books on their annual associate bonus decisions when Sullivan & Cromwell suddenly upped the ante.
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