Midyear Bonus Season Looks Promising As Economy Rallies

Law360, New York (April 16, 2013, 6:25 PM EDT) -- While firms struggle to prop up profits in a still-anemic legal market, an overall brighter U.S. economic outlook and  uptick in lateral hiring suggests that BigLaw firms that pay midyear bonuses will do so again in 2013 at the same or even higher figures, experts told Law360.

"All the financial indicators are basically up," said Jack Zaremski, president of Hanover Legal Personnel Services Inc. "You're not hearing about as many layoffs; there is more confidence, generally speaking, in respect to the country's financial situation; and there...
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