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Lawyers Get $164K Bonuses to Keep Working 100 Hours a Week

By on June 4, 2021 in Law Firm Management

“In September 2020, Cooley LLP, a Palo Alto-based law firm, announced it was handing out $2,500 to $7,500 in one-time payments to associates. The bonuses came as the firm — along with many others in the legal industry — realized it was both flush with cash and facing worker burnout during the pandemic,” report Meghan Tribe in Bloomberg Law’s Business & Practice.

“While most attorneys at larger firms expect to receive one annual bonus, Cooley’s move was quickly matched by others, including Davis Polk & Wardwell LLP and Willkie Farr & Gallagher LLP. One payout was becoming two and now potentially three in a single year.”

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