Ed. word: Welcome to our every day characteristic, Quote of the Day.
Company and notably M&A has been a bit of softer this yr than individuals thought, however that being mentioned, many corporations are very busy and I believe bonuses are at all times a method to reward associates. [Bonuses are also a way to] additional separate probably the most worthwhile corporations which might be paying associates market from these corporations which might be both paying market however don’t essentially have the identical profitability or the corporations that aren’t essentially paying market in any respect.
— Stephanie Biderman, a associate within the affiliate recruiting apply at Main Lindsey & Africa, in feedback given to the American Lawyer, regarding Milbank’s resolution to supply summer time bonuses to associates and counsel globally. Milbank’s bonuses vary from $6,000 to $25,000, relying on class yr. So far, three different corporations have introduced summer time bonuses: Vartabedian Hester & Haynes ($5,000), Otterbourg ($15,000), and Hueston Hennigan ($10,000 to $30,000).
Staci Zaretsky is the managing editor of Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e mail her with any ideas, questions, feedback, or critiques. You’ll be able to comply with her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
