The festive season is underway, and along with it, the bonus season is also in full stride and it appears law firms are vying with each other to dole out handsome benefits to their lawyers. A significant highlight this year is that these bonuses are apparently coupled with decent salary hikes.
A notable firm to have made its salary and bonus structure known publicly is Covington & Burling. Although the exact details of the raises are not ascertainable from the information released, it’s safe to infer that the recipients are being treated to some hefty sums this yuletide. Above the Law reports that firms are matching bonuses more than what’s usually the norm in what could only be described as a show of ‘bonus one-upmanship’ in the industry.
The news is always welcome, and legal professionals across the spectrum seem to relish not only receiving these bonuses but also reading about them. Firms are encouraged to publicly announce their bonus structures, and in some cases, employees have even been encouraged to share their firm’s bonus memos. A sense of financial transparency, shall we say.
Above the Law offers an alert service providing prompt notification of each bonus announcement that they publish. If you haven’t done so already, you might want to sign up for this value-added service.
It seems the spirit of giving is alive and well within the legal world this season, with the community set to ring in the New Year on quite a prosperous note.