Biglaw Associates, Are You Ready For A Hot Bonus Summer?
These summer bonuses may be for 'retention and recruiting' purposes, but what associate doesn't like more money? Hope your firm joins in the fun soon!
Ed. note: Welcome to our daily feature, Quote of the Day.
Law firms are just making more and more money, so my guess is that we will see other firms follow suit here. Its purpose is simply retention and recruiting.
— Elizabeth Soderberg, senior director of Los Angeles-based legal recruitment firm Lateral Link, in comments given to The Recorder on the prospect of Biglaw firms following Hueston Hennigan’s lead and offering summer bonuses to associates. The elite boutique recently announced that it would be rewarding associates with summer bonuses ranging from from $10,000 to $25,000, based on hours. “[M]y gut is that its purpose is simply retention and recruiting,” she continued. “It looks good to throw money around.”
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 X/Twitter and Threads or connect with her on LinkedIn.
