Prime 50 Biglaw Agency Is Providing $75K Affiliate Referral Bonuses

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The Biglaw lateral market continues to be burning sizzling, and regulation corporations are attempting each transfer they’ll consider to get extra associates within the door — as much as and together with providing present and former staff referral bonuses for profitable hires.

The newest agency that’s turning its associates into recruiters is Willkie Farr & Gallagher. In response to a report from Insider, the highest 50 Am Legislation agency is keen to pay $75,000 referral bonuses to associates who assist the agency make certified hires. Listed below are some extra particulars:

The bonus funds are break up into two components, with associates receiving the primary $50,000 after the brand new rent arrives and the remaining $25,000 when the rent has labored on the agency for a 12 months, a replica of an inside e-mail reviewed by Insider confirmed.

The bonuses are supposed to assist the agency recruit skilled company laterals, stated the e-mail, which was despatched by Danielle Scalzo, a Willkie accomplice in New York.

That’s fairly a bit extra money than what another corporations are keen to pay in referral bonuses. For instance, Shearman & Sterling not too long ago rolled out a program providing $25,000 to former attorneys who refer potential new hires. However then once more, Willkie is all about rolling out the massive bucks for brand spanking new recruits.

Willkie is reportedly providing as much as $200,000 in precleared signing bonuses for midlevels its workplace in Houston, Texas. “Most corporations don’t do this,” stated a recruiter who spoke to Insider however wished to stay nameless. “It’s virtually at all times simply an after-the-fact form of negotiation.”

What’s your agency doing to lure in certified associates throughout these unprecedented instances? Whether or not it’s elevating salaries to match the $215K soon-to-be market normal or providing referral bonuses, we wish to know. Please don’t hesitate to get in contact with us. Electronic mail us at ideas@abovethelaw.com, ship a textual content message to (646) 820-8477, or click on right here to submit a tip.

This Huge Legislation agency is so hungry for associates that it’s giving $75,000 referral bonuses [Insider]


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e-mail her with any ideas, questions, feedback, or critiques. You’ll be able to comply with her on Twitter or join along with her on LinkedIn.


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