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Law Firms Boost Bonuses to Retain Mid-Level Associates

12/31/2025

Summary

Story summary

Top law firms are offering substantial bonuses to retain mid-level associates amid fierce competition.
Katten Muchin Rosenman LLP in Chicago offers bonuses up to $172,500 for mid-level associates, while Elsberg Baker & Maruri and Pallas Partners, both litigation boutiques, offer above $200,000.
Mid-level associate attrition runs around 20%.
Revenues from litigation and deal work rose over 11% in early 2025, while billable hours often exceed 2,500 annually, raising burnout concerns.

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Story summary

Top law firms are offering substantial bonuses to retain mid-level associates amid fierce competition.
Katten Muchin Rosenman LLP in Chicago offers bonuses up to $172,500 for mid-level associates, while Elsberg Baker & Maruri and Pallas Partners, both litigation boutiques, offer above $200,000.
Mid-level associate attrition runs around 20%.
Revenues from litigation and deal work rose over 11% in early 2025, while billable hours often exceed 2,500 annually, raising burnout concerns.