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Law Firm Bonuses Might Be Headed For Overhaul

Law360 (October 23, 2008, 12:00 AM EDT) -- With the economy continuing to tank and associates increasingly worried about their jobs, law firms may be forced to abandon the lockstep bonus structure that they have traditionally embraced in favor of a more merit-based approach in the future, some experts say.

Over the past year, a staggering number of law firms have slashed their work force, with White & Case LLP becoming just the latest to announce massive layoffs in 2008.

The firm shocked the legal community on Tuesday by sending 70 associates and 90...
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