Holiday Cheer for Frugality

Happy holidays!  Many law firms are now paying out bonuses to its hard working associates.  It’s an interesting time right now.  BigLaw had a pretty good year, but many firms saw signs of weakening in Q4.  As a result, associates expect bigger bonuses yet managing partners are afraid of a further slow down in business.  That means firms like Cravath will keep paying the same bonuses we’ve seen for a few years now ($10K-$60K depending on class year) and most everyone else will fall in line.

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