Multi-billion-dollar law firm Latham launches $1m AI bonus pot

Latham & Watkins has launched a $1 million programme to reward associates who help develop or apply AI in ways that create value for clients or the firm. The initiative matters as major law firms look for ways to encourage staff to adopt AI and identify useful applications.

The firm, which generated $8.3 billion in revenue last year, says awards will reflect each contribution’s significance, impact and potential to scale. Associates worldwide can be nominated next spring. The move follows Shoosmiths’ £1 million staff bonus linked to reaching one million Microsoft Copilot prompts, a target it achieved four months ahead of schedule.