Mayer Brown to pay spring bonuses to US associates

Mayer Brown has jumped on the spring bonus bandwagon with the announcement that it will pay US-based associates according to the scale set by Cravath Swaine & Moore. As pointed out by AboveTheLaw, spring bonuses are all about demonstrating that the firm is willing to pay ‘competitive compensation’. “If a major law firm pays ‘competitive compensation,’, says AboveTheLaw, “then it can make its case to potential recruits based on other factors — firm culture, quality of life, specific practice areas that are strong, etc. If a firm fails to pay competitive compensation, then it really has to distinguish itself in these other respects”.

Mayer Brown to pay spring bonuses to US associates abovethelaw.com Mon, Apr 18, 2011