Senior associates at Austin-based trial boutique Reid Collins & Tsai have already been paid as much as $102,500 in bonuses, and salaried junior partners got up to $312,500, with another bonus payment expected by year-end.
Separate reports released this week about law firm revenue growth and in house counsel projections present starkly different outlooks between two interdependent corners of the legal industry.
Paul Weiss, Fried Frank, and Clifford Chance are among the firms that have announced identical bonus rates—a sign that, as in years past, firms are willing to match the market leader in associate pay.
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