Ed. observe: Welcome to our day by day characteristic, Quote of the Day.
Company and significantly M&A has been a bit softer this yr than individuals thought, however that being stated, many companies are very busy and I feel bonuses are all the time a technique to reward associates. [Bonuses are also a way to] additional separate probably the most worthwhile companies which might be paying associates market from these companies which might be 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 companion within the affiliate recruiting follow at Main Lindsey & Africa, in feedback given to the American Lawyer, regarding Milbank’s determination to supply summer time bonuses to associates and counsel globally. Milbank’s bonuses vary from $6,000 to $25,000, relying on class yr. To this point, three different companies 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 Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to electronic mail her with any suggestions, questions, feedback, or critiques. You’ll be able to comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
