Early Mover In Biglaw Bonus War Makes Another Announcement
Yay! Even more money!
There is a risk associated with being an early mover in the Biglaw bonus game. Because if a competitor comes over the top of your announced bonus number [cough, Davis Polk, cough cough] , well, suddenly you’re offering associates below-market compensation. Not a good look in a tight lateral market.
Fortunately, this is easily rectified by a second bonus announcement. Cadwalader previously announced year-end bonuses, which included some nice extra cash for high billers. Now the firm has added special bonuses to the mix, bringing them in line with the market bonuses:
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You can read the full memo on the next page.
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
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Legal AI: 3 Steps Law Firms Should Take Now
