Goodwin Procter is paying 2009 bonuses to its associates who hit their billable hour goal of 1850 hours, maybe. Bonuses will more or less match the Cravath bonus scale, maybe. If the firm feels like it. Associates that billed 1850 hours will be considered for, but not guaranteed a bonus, and the [...]
Continue reading...Tuesday, December 22, 2009
First a little background: Hogan & Hartson pays associates on a two tier system, where associates can choose to receive higher base salary but with a higher billable hours requirement, or take a lower base salary with lower expectations. This year, salaries were frozen at 2008 levels and in the spring, Hogan & Hartson [...]
Continue reading...Wednesday, December 2, 2009
Two more firms have announced their bonus schedules and they’re a bit different from the Cravath scale. Sullivan & Cromwell is paying bonuses ranging from $7500 to $35,000 depending on class year. The only change is at the high end where senior associates will receive $5000 more than at firms on the Cravath scale. Patton Boggs [...]
Continue reading...Wednesday, November 25, 2009
Davis Polk has announced its year end bonus schedule and, surprise!, it looks all too familiar. Yup, it matches the bonuses put out by Cravath, which match the bonuses of every biglaw firm to announce bonuses in the days after Cravath set the bar. New associates are receiving $7500, with seniors making $30,000 [...]
Continue reading...Monday, October 5, 2009
We don’t know yet how much, but DLA Piper has informed its associates that there will be bonuses this year. The total bonus will be between 5 and 50 thousand, to be determined by DLA Piper in January. This, combined with a healthy 86% offer rate for this years summer associates, indicates some [...]
Continue reading...Thursday, January 22, 2009
Above the Law hears about all the best nonsense first. For instance, K&L Gates associates have not yet heard about 2008 bonuses or 2009 raises. After all, who’d want to plan ahead or anything? But now it seems the firm has compounded their reticence to make decisions with a royal payroll f*ckup: Please see the email below [...]
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Wednesday, January 20, 2010
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