Bonuses for all
Most law firms have profit-sharing only among partners, but 10-year-old Adam Leitman takes a different track. Every staffer at this boutique real estate firm—including associates, paralegals and janitors‑shares the fruits of its success. To ensure transparency, an independent accountant tabulates the firm’s quarterly earnings.
“Everybody sees all year what the bonuses will be,” says founder Adam Leitman Bailey.
Alice Davidson, a receptionist, received her bonus after only six months on the job.
“It was a pleasant surprise, especially since we’re treated so well generally,” Ms. Davidson notes.
The generosity isn’t limited to December bonuses. The firm stands foursquare behind employees in times of personal crisis. When one attorney suffered a heart attack, Adam Leitman not only paid his salary for an extended period but also picked up all medical bills, over and above insurance.