The national escalation in starting salaries for attorneys also puts the onus on the bonus.
In late 2018, New York-based Cravath Swaine & Moore LLP paid $15,000 year-end bonuses to its associates from the classes of 2017 and 2018, several legal industry publications reported, shining the spotlight on yet another aspect of compensation for new lawyers.
Many firms, including those based in Pittsburgh, reward lawyers at year-end related to how they and/or the firm as a whole performed.
“It seems almost every firm does something,” said Lori Carpenter, president of recruitment firm Carpenter Legal Search. “It has more to do with the firm’s culture and how their partners are compensated versus paying for talent.”
Read More: Pittsburgh law firms talk bonus strategies - by Patty Tascarella, Pittsburgh Business Times