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Latham Ramps Up Parental Benefits; Will Other Firms Follow?
Latham & Watkins has announced a new parental leave policy for associates that significantly ups the amount of time biological and adoptive parents can take leave while getting their full base salary. Observers say that, much like associate salaries, Latham's move -- and some by other firms -- could have ripple effects. "Any time a market leader makes a move that can be interpreted as a recruiting tool, other firms in the space will take a long, hard look," said a recruiter for Major, Lindsey & Africa.