On the subject of legislation agency compensation, all it takes is one agency to begin a motion. From wage will increase to year-end bonuses, corporations massive and small are inclined to observe the chief in an effort to stay on the high of the market in terms of lawyer remuneration. Now, it seems like this summer season could also be gearing as much as be a sizzling bonus season.
Texas-based Vartabedian Hester & Haynes began the pattern, and New York-based midsize agency Otterbourg is right here to one-up the industrial litigation boutique’s $5,000 bonus choices. In the present day, Otterbourg introduced that each one of its full-time associates will obtain a good-looking mid-year bonus of $15,000 in recognition of their “excellent efficiency” and “unwavering dedication.” Might this be the beginning of a bonus conflict?
Otterbourg’s chairman, Richard L. Stehl, had this to say in regards to the agency’s beneficiant bonus:
“We’re extremely pleased with the laborious work and excellence our associates have demonstrated this 12 months. This bonus displays our deep appreciation for his or her contributions and our confidence within the continued power of the agency. We’ve got additionally not too long ago welcomed new attorneys to the agency to service the agency’s rising shopper base and enterprise. We’re assured in a strong end to 2025, pushed by the distinctive work of our attorneys and the steadfast help of our shoppers.”
Otterbourg is a agency that’s recognized for spreading the wealth amongst its associates. For instance, when corporations had been first returning to the workplace within the wake of the pandemic, Otterbourg provided up a $25,000 bonus to its attorneys as a welcome again present. The agency enjoys celebrating its associates’ achievements and is raring to proceed to put money into their expertise.
Congratulations to everybody on the Otterbourg!
When will your agency make its personal bonus announcement? Keep tuned.
Bear in mind everybody, we rely in your tricks to keep on high of compensation updates, so when your agency pronounces or matches, please textual content us (646-820-8477) or email us (topic line: “[Firm Name] Bonus/Matches”). Please embody the memo if obtainable. You may take a photograph of the memo and ship it by way of textual content or e-mail if you happen to don’t need to ahead the unique PDF or Phrase file.
And if you happen to’d like to enroll in ATL’s Bonus Alerts (which is the alert listing we additionally use for wage bulletins), please scroll down and enter your e-mail handle within the field under this submit. When you beforehand signed up for the bonus alerts, you don’t must do something. You’ll obtain an e-mail notification inside minutes of every bonus announcement that we publish. Thanks in your assist!
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 at liberty to email her with any ideas, questions, feedback, or critiques. You may observe her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
