Tight Job Market Threatens Associates' Spring Bonuses

Law360, New York (March 23, 2012, 6:37 PM EDT) -- While last spring brought news of extra bonuses at several top U.S. law firms, 2012 has been less promising for BigLaw associates who have yet to — and may not — receive spring payouts due to what legal industry experts call a buyer's market for low-level talent.

With firm revenues growing at a snail's pace — a recent BTI Consulting Group report pegged law firms' compound annual growth rate at 1.6 percent since the recession, compared with 10.8 percent between 2002 and 2008 — the legal...
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