Associate Bonus Watch 2011, Biglaw, Bonuses, Money, Quote of the Day

Quote of the Day: Making It Rain Makes No Common Cents

There was no rational foundation to do [the spring bonuses]. It was not as if suddenly all the law firms in The Am Law 100 were minting money.

Ralph Baxter, longtime chairman and CEO of Orrick (shortly before he was overheard screaming at the Wheeling career associates to mint more money).

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