Affiliate Compensation Scorecard: Which Companies Are Sharing The Wealth Via Particular Bonuses?

Spring is within the air, and bonus season is right here as soon as once more. We don’t normally see many bonuses in March, however like 2020, 2021 is popping out to be an odd 12 months.

Since we broke the information of the particular bonus scale for associates and counsel at giant legislation companies in america — a pattern that was began by Willkie on Friday, March 19, 2021 (providing between $7,500 and $40,000), and shortly one-upped by Davis Polk on Monday, March 22, 2021 (providing between $12,000 and $64,000) — many companies shortly fell in line and matched the beneficiant scale. When will your agency announce its particular bonuses?

As standard, we’re compiling a desk of all of the companies which have already matched the particular bonus scale, the minimal hours required to obtain these bonuses (if obtainable), and the date these bonuses might be paid. In the present day, we unveil that desk to your viewing pleasure. We might be updating this desk each day, typically a number of instances, as information on bonuses is introduced. Should you see any data right here that’s incorrect or wants clarification, tell us.

Assist us make it easier to now (and if/once you resolve to make a lateral transfer sooner or later). Tell us what your agency’s minimal billable hours targets are for particular bonus eligibility and when your agency pays these bonuses. You typically should stay at your agency till the payout date to obtain them, as said in most memos, which might make it all of the tougher so that you can go away your job.

As slightly reminder, we love masking Biglaw bonuses, however we’d like your assist. As quickly as your agency’s bonus memo comes out, please e mail it to us (topic line: “[Firm Name] Bonus”). We at all times maintain our sources on bonus tales nameless. There’s no must ship the memo utilizing your agency e mail account; your private e mail account is ok. Please remember to embrace the memo as proof; we wish to publish full bonus memos as a service to our readers. You’ll be able to take a photograph of the memo and fix as an image should you’re fearful about metadata in a PDF/Phrase file.

Agency Date Matched Minimal Hours Payout Date
Willkie
Class of 2020: $7.5K $12K
Class of 2014+: $40K $64K
FIRST MOVER
March 19, 2021
None June 30, 2021 / September 30, 2021
Davis Polk
Class of 2020: $12K
Class of 2014+/Counsel: $64K
March 22, 2021 None April 26, 2021 / September 30, 2021
Fenwick & West
Tier 1/Stage 1: $12K
Tier 3/Counsel: $64K
March 23, 2021 1950 creditable hours, measured professional rata (the agency additionally supplied reward credit of as much as $15K for relaxation, recreation, and rest in mid-March) Might 2021 / September 2021
Milbank
Class of 2020: $12K
Class of 2013: $64K
March 24, 2021 None (September bonuses “could consider particular person contributions” and “some people could obtain a better or decrease quantity than the particular stage described above”; counsel bonuses “decided and communicated on a person foundation”) April 30, 2021 / September 30, 2021
Skadden
Class of 2020: $12K
Class of 2014+: $64K
March 24, 2021 1800 “productive” hours, measured professional rata (those that don’t meet the eligibility requirement in June will obtain “catch-up” funds in December if the hours threshold is met by then) June 2021 / December 2021
Cleary
Class of 2020: $12K
Class of 2014+: $64K
March 24, 2021 None April 30, 2021 / August 30, 2021
Paul Weiss
Class of 2020: $12K
Class of 2014+/Counsel: $64K
March 24, 2021 None June 30, 2021 / September 30, 2021
Debevoise
Class of 2020: $12K
Class of 2014+/Counsel: $64K
March 24, 2021 None June 30, 2021 / September 30, 2021
Simpson Thacher
Class of 2020: $12K
Class of 2013: $64K
March 25, 2021 None (bonuses for counsel/senior counsel “decided at year-end on a case-by-case foundation”) June 30, 2021 / September 30, 2021
Paul Hastings
Class of 2020: $12K
Class of 2014+: $64K
March 25, 2021 Eligibility particulars to return someday in April 2021 Might 28, 2021 / October 29, 2021
Goodwin
Class of 2020: $12K
Class of 2014+: $64K
March 25, 2021 1850 annualized hours (1750 hours for particular counsel ($64K complete), senior attorneys ($44K complete), and division and discovery attorneys/science advisors/science legislation clerks ($12K complete)) July 1, 2021 / October 1, 2021
Proskauer
Class of 2020: $12K
Class of 2013: $64K
March 25, 2021 None Might 14, 2021 / November 15, 2021
Hueston Hennigan
Class of 2020: $12K
Class of 2013: $64K
March 26, 2021 None June 2021 / September 2021

Staci ZaretskyStaci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to e mail her with any suggestions, questions, feedback, or critiques. You’ll be able to comply with her on Twitter or join together with her on LinkedIn.

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