Spring Bonus Frenzy Signals Hot Associate Market

Law360, New York (March 22, 2011, 6:46 PM EDT) -- The spring bonus frenzy Sullivan & Cromwell LLP incited this year reveals that the associate market is heating up after years of layoffs and salary cuts, putting pressure on BigLaw to once again fight to keep top associates, experts say.

Sullivan & Cromwell spurred a wave of spring bonuses in January by announcing supplementary April payouts of up to $20,000 for associates, with more than a dozen big-league competitors responding by paying their own spring bonuses, mostly ranging from $7,500 to $20,000.

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