Biglaw firms are aggressively compensating their associates this year, with Choate Hall & Stewart recently announcing a matching special bonus scale alongside customary annual market bonuses.
With $327 million in gross revenue in 2023, Choate Hall & Stewart's bonus announcements reflect the competitive market for legal talent, focusing on associate retention.
Choate intends to match market expectations for year-end bonuses, with special bonuses rolling out in March, showcasing a strategic approach to associate compensation.
The law industry is witnessing a trend as firms aim to bolster associate satisfaction and retention through generous financial incentives, especially as the year comes to a close.
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