Does Anyone "Deserve" a Bonus?


This used to be the time of year when law firm lawyers and staff alike counted on receiving a bonus payment from the firm. Of course, the Great Recession ("The Great Setback" as suggested by Jeff Immelt, CEO of GE, or, as I believe, the "Second Great Depression") has put a great crimp in many such expectations. However, there are still profitable law firms where bonuses would be financially feasible. The real question is, because bonuses are possible, should they be expected?

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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