Listen, this yr has been bizarre AF. And I’m positive you’re as bored with studying that sentiment as I’m of writing it. But… it’s true! And, COVID has shaded many of the goings-on in Biglaw this yr, so it solely is sensible to acknowledge that. One vibrant spot within the yr has been the Biglaw COVID appreciation bonuses, which stated “thank you” to associates for his or her onerous work throughout a pandemic in one of the best ways Biglaw understand how — with chilly, onerous money.
But, significantly for corporations that doled out these bonuses in the fall, the query stays, what are corporations doing for associates that joined the agency after bonus day got here and went. There isn’t a consensus on the market — hell, some corporations haven’t even had anybody from the category of 2020 begin but — however even at corporations with new associates, there’s a wide range of therapy. Some tipsters report getting blanked out of bonuses fully, however not each agency is taking such a harsh stance.
At Debevoise & Plimpton (a agency that announced special bonuses way back in September), tipsters report they’re getting particular bonuses, commensurate to their class yr (which implies laterals get counted too) prorated to their begin date. Of course, the proration means it gained through a win’t be large sums of cash, nevertheless it’s good to see these of us accounted for by the agency. It’s been a problem for everybody, even when they’re comparatively new to the agency. Special bonuses for these of us shall be paid on December 20th.
So, how’s your agency dealing with particular bonuses for brand new associates? As at all times, we rely on you in terms of bonus information. As quickly as your agency’s bonus memo comes out, please email it to us (topic line: “[Firm Name] Bonus”) or textual content us (646-820-8477). Please embody the memo if obtainable. You can take a photograph of the memo and ship it through textual content or e mail if you happen to don’t need to ahead the unique PDF or Word file.
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the perfect, so please join along with her. Feel free to e mail her with any suggestions, questions, or feedback and comply with her on Twitter (@Kathryn1).