What You Need to Know

• Firms are looking more and more to carve out and distinguish bonuses from traditional or base pay.
• Doling out or cutting from short-term, annual rewards is less permanent and “less personal” than cutting or adding equity or shares.
• Some firms are keeping information about those payouts behind the curtain from other partners, even if they have a nominally transparent pay system.

Law firms are leaning more on bonuses for partner pay—to entice and retain people while maintaining flexibility, to distinguish and incentivize outstanding work, and because they have the money to do so after multiple years of lights-out financial performances.

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Law firms are evaluating changes that could alleviate concerns from pay cuts, including reduced pay-system transparency and separate “bonus committees” to further distinguish base wages and those tied to annual performance.

Read Full Story: http://www.law.com/2026/06/26/bonuses-arent-just-more-flexible-for-some-firms...