Big law firms buck the trend on payout bonuses, appraisal cycle
Mumbai, April 1: While India Inc and top four audit firms are grappling with issues of appraisals cycles and paying out bonuses, it is the law firms which have emerged outliers. All top law firms, including Cyril Amarchand Mangaldas (CAM), Shardul Amarchand Mangaldas (SAM), Khaitan and Co, Luthra and Luthra Partners, and Juris Corp all are proactively giving out bonuses to their associates and partners.
This is partially due to increased demand for law firms for contract enforcements and increased complexities in conducting businesses as many employees are working remotely, seeking exits from contracts due to act of God, and businesses continuity among others. Due to COVID-19 pandemic, virtually all companies across sectors are under lockdown till April 14 which has pushed or deferred many contracts and forced employees to work from home.
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