Law firms paying out hefty bonuses

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Law firms are again paying big annual bonuses to lawyers who have put in years of working long hours on corporate deal documents, litigation papers and complex contracts.

The New York Times reports that associates working at a large law firm in New York are taking home, on average, from $15,000 to $100,000 in bonus payments, depending on their tenure. The top bonuses being doled out by law firms are roughly $40,000 more than most large New York firms handed out to their most senior associates last year.

Boies, Schiller & Flexner, the litigation firm co-founded by David Boies, is pushing the bar even higher, saying it will award bonuses from $125,000 to $150,000 to many of its most senior associates. A year ago, the average associate there took home $85,000 in additional compensation.

To access the complete New York Times article hit the link below:

Big Law Firms Bring Back Hefty Bonuses for Associates

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