Hogan Lovells and Perkins Coie Amend Course, Allocate Special Bonuses to Associates

In a turn of events, law firms Hogan Lovells and Perkins Coie have decided to pay out special bonuses to their associates, reversing a prior decision not to do so. This shift highlights the complex calculation these firms face between fiscal prudence and maintaining workplace morale. Industry consultants have noted the challenging balance between the financial savings from withholding bonuses and the potential negative impact on workforce morale and public perception. The initial decision not to match the bonuses offered by other firms drew criticism and likely contributed to the reversal. For further details on this development, visit the American Lawyer.