Lewis Brisbois, a prominent California-based law firm, has announced a postponement of its 2024 bonus payouts for attorneys. According to Bloomberg Law, an internal email reveals that the firm intends to disburse “formulaic” bonuses later this month, marking a delay compared to last year’s schedule.
This deferral is part of the firm’s broader initiative to refine its assessment of attorney performance and recognize high achievers more effectively. Lewis Brisbois is navigating a challenging period, having recently experienced the departure of over 100 lawyers, along with the exit of co-founder Bob Lewis and his family members, as reported by Bloomberg Law (source).
The firm’s strategic adjustments are aimed at closing this tumultuous chapter while maintaining transparency and commitment to rewarding its legal professionals adequately. The delay in bonus payments underscores the firm’s attempt to stabilize and reorganize its operational strategies.