“Multiple tipsters” tell Above the Law that O’Melveny & Myers associates in California and DC received voicemails today, confirming that first year associate bonuses would be $27,500.
The bonus scale for OMM, in CA and DC, is believed to look like this:
2007 – $27,500
2006 – $30,000
2005 – $32,500
2004 – $35,000
2003 – $37,500
2002 – $40,000
2001 and 2000 – $45,000
A tipster adds, “Everyone is also eligible for additional bonus amounts on top of that based on hours and performance.”
Bonuses will be paid on December 31st, with an official memo following in January. Class appropriate pay raises will proceed as planned. The California and DC bonus levels are subject to a minimum hours requirement of 1950.
OMM’s California and DC offices are paying bonuses to associates that are higher than OMM in New York.
Via Above the Law.
Posted by Erik Even
on December 17, 2008. Filed under Law Firm News,Legal News.
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