What is the story about?
What's Happening?
As the 2025 bonus season approaches, Biglaw associates are eagerly awaiting news of their annual bonuses, which may include special bonuses. The anticipation comes amidst a busy period where associates are considering lateral moves due to a hot market. Above the Law is encouraging associates to participate in a confidential survey to share their thoughts on the bonus season. The publication also requests associates to anonymously share their firm's bonus memos to aid in coverage.
Why It's Important?
The bonus season is a significant event for Biglaw associates, impacting their financial planning and career decisions. Bonuses can influence retention rates and job satisfaction within law firms. The transparency and coverage provided by Above the Law help associates gauge industry standards and make informed decisions about their career paths. This period also reflects broader economic conditions affecting the legal industry.
What's Next?
Associates are expected to receive notifications of bonus announcements, which will be published by Above the Law. The firm memos will provide insights into the financial health and competitive positioning of law firms. Associates may use this information to assess their career options, including potential lateral moves.
Beyond the Headlines
The bonus season highlights the competitive nature of the legal industry, where financial incentives play a crucial role in talent retention and firm reputation. It also underscores the importance of transparency and communication between firms and their employees.
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