From the National Law Review:
Would that we all were an attorney with Cravath Swaine & Moore, LLP. In case you’ve been in incommunicative hiding, the old white-shoe law firm announced in 2017 that they were awarding $15,000 bonuses for the holiday season. For the second year in a row.
But most attorneys were not top students at top law schools now working insane hours trying to grab that golden ring of billables. Most attorneys are not now working at Big Law.
The average attorney works in a mid-size to small law firm. It can be a great law gig working in a small law firm as far as total compensation and the allowance for a life goes. The end of year bonus structures is different but hardly inconsequential. Small law firm bonus structures, added to other compensation benefits, can add up significantly.
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