to associates who can hang on through 2021. Some firms that have offered spring, summer and fall bonuses contingent on associates hitting a certain billable-hours threshold.
Signing bonuses"happened very sparingly in the past," said Ru Bhatt, another recruiter with Major Lindsey & Africa who works frequently with Big Law associates."For a long time, after the recession, people were just excited to be employed." Bhatt said most of the signing bonuses he's seen have been in the $20,000 to $25,000 range, for associates doing SPAC-related work. He didn't mention any specific firms.
"The market is just so hot, and [firms] are just so desperate for people — good people," the associate said. But the work hasn't been easy, with her billable hours sometimes crossing 400 hours in one month, even with partners turning away work.
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