As expected, several large law firms have fallen in line with the associate bonus scale set by Cravath, Swaine & Moore this week. But some associates need to work harder to earn their reward than others.
As in past years, some firms are setting billable hour requirements for bonuses this year. Above the Law on Tuesday reported that associates at Norton Rose Fulbright must have 2,300 billable hours to qualify for market rate bonuses set by Cravath—in which most recent law school graduates receive $15,000—while those associates who fall below 2,300 will qualify for bonuses that are half as much as market rate.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]