Ed. note: Law Shucks focuses on life in, and after, Biglaw, including by tracking layoffs, bonuses, and laterals. Above the Law is pleased to bring you this weekly column, which analyzes news at the world’s top law firms.
We’ve hit another lull in the Biglaw calendar. Recruiting is pretty much over. 2Ls and 3Ls lucky enough to have offers for summer jobs and full-time employment, respectively, have accepted or are finishing up the decisionmaking process (and for those no-offered or otherwise shut out, or interested in a good read, don’t miss ATL’s new column about one guy who made it back to BigLaw). May’s graduates have either just started or are sitting out the last months of their deferrals — and either way, they’re waiting for bar exam results.
But there are two significant events on the horizon, and glimmers of hope and speculation are starting to appear. Much like Christmas advertising creeps earlier and earlier into the fall, so too does speculation about law-firm bonuses. We, at least, have had the decency to wait until after Halloween.
Above the Law barely made it to October. A month ago, ATL posted a survey on what bonuses would look like this year. Optimism abounded, with 50% (n=1,155) expecting higher bonuses, and 35% thinking they would be no worse than last year.