Some new attorneys delay buying a home or a new car. Others reluctantly postpone marriage and having children while altering the career plans they had going into law school. These are among the personal and professional sacrifices young lawyers often make due to their sizable student loan debt.
A BigLaw firm known for setting the market rate for associate bonuses announced Monday that it will pay two bonuses this year. Cravath, Swaine & Moore will match last year’s scale for year-end bonuses.
Goldberg Segalla has said it has made “significant changes” to a planned bonus program that required bonuses to be paid in installments and docked associates for billable hour credit when clients didn’t pay up.
Baker McKenzie is the first law firm to announce 2020 bonuses this year. The firms plans to pay its U.S. associates bonuses that match last year’s bonus scale. The amounts could increase, however.
Lawyers favor Biden campaign in individual donations
Presidential campaign donations by individual lawyers heavily favor Joe Biden, according to a Reuters analysis. Individual lawyers gave $29 million to Biden’s campaign…
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