Ed. notice: Welcome to our each day characteristic, Quote of the Day.
Company and notably M&A has been a bit of softer this yr than folks thought, however that being stated, many companies are very busy and I believe bonuses are all the time a option to reward associates. [Bonuses are also a way to] additional separate essentially the most worthwhile companies which are paying associates market from these companies which are both paying market however don’t essentially have the identical profitability or the companies that aren’t essentially paying market in any respect.
— Stephanie Biderman, a associate within the affiliate recruiting follow at Main Lindsey & Africa, in feedback given to the American Lawyer, regarding Milbank’s decision to offer summer bonuses to associates and counsel globally. Milbank’s bonuses vary from $6,000 to $25,000, relying on class yr. To date, three different companies have introduced summer season 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 Regulation, 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 comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
