Associates Warned To Temper Bonus Hopes For '10

Law360, New York (November 5, 2010, 5:00 PM EDT) -- While most associates can still expect to collect a bonus this year, it would be wise to ground dreams of $40,000 windfalls in the reality that law firms are now more fiscally conservative and might pay only a small fraction of that amount, or in some cases nothing at all, according to experts.

Although the legal industry has experienced a rebound of optimism in 2010, and some major firms could pay out end-of-year bonuses as high as $20,000, experts cautioned that other firms — still erring...
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