Sunday, December 02, 2007

NYTimes: Herd Mentality from Top Law Firms with Regard to Associate Bonuses Doesn't Make Sense

Interesting article from the NYTimes' Andrew Ross Sorkin on the recent trend of top law firms simply matching the bonus increases of other firms. Sorkin goes on to question why firms would do this if everyone matches the bonus increase (are the firms really better off?) and why most law firms pay the same bonus across the board every year to similarly experienced associates (i.e. pay not based on merit). Check out the article here.

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