EG guide to law firm bonuses on legalweeklaw.com
legalweeklaw.com August 2011:
"Following the UK’s April 2010/11 financial year end, UK-headquartered law firms finalised and paid bonuses to their associates in the annual tradition.
In spite of financial year 2009/10 being considered poor, with revenue and profit for most firms falling, according to PricewaterhouseCoopers annual law firms’ survey 2010, bonus payments, as a percentage of associate salaries, actually went up significantly. So this seeming paradox is explained in the context of generally lower salaries (or smaller increases in base salaries) being paid to associates who have been rewarded instead through higher bonus payments.
This briefing from legal employment experts Edwards Gibson outlines the past and present bonus situation and predicts future trends."
Articles by Scott Gibson
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Quantifying your following and writing an effective business plan
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Moving in-house
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Recruiting in-house lawyers - a guide for HR professionals
The recruitment and retention of qualified lawyers in-house.
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Recruiting in-house lawyers - a guide for General Counsel/Legal Directors
For the recruitment and retention of qualified lawyers in-house.
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The partnership track and moving for immediate partnership
A guide for senior associates.
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Legal directory rankings and their effect on lawyer recruitment
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London law firm partner compensation 2011
Salaried partner and equity partner compensation in UK and US law firms in London
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Lateral Partner Moves in London
A round-up of all the latest lateral partner moves in London law firms.
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UK City law firm bonuses
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The Associate Recruitment Conundrum
Why law firms struggle to find the right candidates.
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Attracting and retaining top talent to an in-house legal department
A contribution to Corporate Law Department Management - A Practical Guide
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The rise and fall of the elite investment bank lawyer
From a recruitment perspective, the past 20 years has seen the position of the in-house lawyer change beyond all recognition
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London Law Firm Assistants - Salary and Bonus Trends and Predictions - February 2012
A summary of the legal recruitment market and assistant lawyer salaries and bonuses.
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Law Firm Salaries 2012
City and US Law firm fundamentals, their impact on the recruitment market and why 'real' assistant level compensation should not rise in 2012
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London Law Firm Assistants Salary and Bonus Trends and Predictions 2012/2013
A summary of the legal recruitment market and assistant lawyer salaries and bonuses 2012/2013.
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London Law Firm Partner Compensation 2012/2013
Partner compensation in UK and US law firms in London.