The legal landscape is witnessing significant changes in associate compensation, with prominent firms implementing notable raises and summer bonuses. Desmarais LLP, an elite IP litigation boutique recognized for its above-market compensation, has recently taken its compensation packages to new heights by offering substantial salary raises and summer bonuses.
In a recent internal memo, founding partner John Desmarais acknowledged the firm’s demanding times and expressed gratitude for the associates’ hard work. The firm decided to move forward with several initiatives, including associate raises effective March 1 and mid-year bonuses to be distributed on June 30.
This move by Desmarais LLP sets a new precedent in the industry, maintaining its reputation for above-market compensation and motivating other firms to potentially follow suit. This development highlights a broader trend where major firms like Hueston Hennigan and McKool Smith are also rewarding associates with generous summer bonuses based on their billables.
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