Ed. note: Welcome to our daily feature, Quote of the Day.
We have no debt and we have the philosophy of when we have excess capital we pay everyone, from the barista to the receptionist to the IT guy to the paralegals to the associates to the non-equity partners to the partners. The idea behind the kind of compensation system that we’ve developed is very much eat what you kill.
— William T. Reid IV, senior founding partner of Reid Collins & Tsai, in comments given to Bloomberg, concerning the firm’s recent bonus payouts. Associates at the firm have already received up to $170,000 in bonuses, and Reid says the firm is set offer bonuses in all four quarters this year. “I tried to create the firm that I would have desired to work at as a young lawyer, to get into court, get on my feet, and actually do the work that lawyers do,” he said.
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
The post At This Elite Litigation Boutique, It’s ‘Eat What You Kill’ — And Associates Are Feasting appeared first on Above the Law.
Ed. note: Welcome to our daily feature, Quote of the Day.
We have no debt and we have the philosophy of when we have excess capital we pay everyone, from the barista to the receptionist to the IT guy to the paralegals to the associates to the non-equity partners to the partners. The idea behind the kind of compensation system that we’ve developed is very much eat what you kill.
— William T. Reid IV, senior founding partner of Reid Collins & Tsai, in comments given to Bloomberg, concerning the firm’s recent bonus payouts. Associates at the firm have already received up to $170,000 in bonuses, and Reid says the firm is set offer bonuses in all four quarters this year. “I tried to create the firm that I would have desired to work at as a young lawyer, to get into court, get on my feet, and actually do the work that lawyers do,” he said.
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
The post At This Elite Litigation Boutique, It’s ‘Eat What You Kill’ — And Associates Are Feasting appeared first on Above the Law.
