After facing backlash for initially opting not to pay special bonuses to associates, Hogan Lovells and Perkins Coie changed course this week. https://t.co/rG9cwfLMfx
ICYMI. Alston & Bird Matches Market Rate for Associate Bonuses https://t.co/tMzdNVkzb0 https://t.co/XE9Z9y09hC
Why Hogan Lovells and Perkins Coie Reversed, Will Now Pay Out Special Bonuses to Associates https://t.co/os0DU5X7Ga
Hogan Lovells has announced a second round of associate bonuses, reversing its earlier decision not to meet the bonus standards set by its competitors in the Big Law sector. This decision follows backlash from associates regarding the firm's initial stance. Perkins Coie has also joined Hogan Lovells in this reversal, indicating a broader trend among major law firms that initially opted out of special bonuses for associates. The move comes as firms like Alston & Bird have matched the market rate for associate bonuses, highlighting the competitive landscape in the legal industry.
