This Biglaw Firm Should Do Associates A Favor And Announce Special Bonuses
The firm's own associates think it would be a prudent move to help with retention.
According to Am Law 100, Shearman had the highest increase in revenue per lawyer last year, but Shearman never leads the market in announcing bonuses. I feel like Shearman could announce a special bonus first, to indicate to the market and its associates that it appreciates their value — as opposed to waiting weeks after.
— a midlevel associate at Shearman & Sterling, in response to a question found in the American Lawyer Midlevel Associates Survey about what their firm could do better in order to retain associates. More notable and quotable responses can be found here.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
