Biglaw firms face pressure in the lateral market, highlighted by their reluctance to match Milbank's bonuses. This may indicate a shift in bargaining power.
The competitive landscape for legal talent is evolving, as firms navigate decisions about bonuses and compensation in response to industry peers' actions.
Legal industry dynamics are shifting, leading firms to reevaluate their strategies concerning bonus structures amid pressures from the lateral market.
Firms' decisions on whether to match bonuses like Milbank's could also indicate a strategic calculation—choosing to retain talent without immediate financial incentives.
[
Collection
]
[
|
...
]