If associates have to attend till January for his or her year-end bonuses, no less than lots of them will probably be taking dwelling extra money than the usual Biglaw bonus charge.
At Latham & Watkins, bonuses include a 1,900 hours requirement, however additionally they give more money for individuals who are billing above that threshold. And, from the appears to be like of it, Latham associates have been fairly busy. The base bonuses (each year-end and particular bonuses which Latham gave out in the fall) are at market ranges, however the median bonuses for each class 12 months beat the market charge. And the highest bonuses are means over what the market offers out.
The agency circulated the beneath chart internally, and you may get a way of simply how beneficent bonuses are at Latham (full memo on the next page):
The agency additionally introduced the success of their charitable giving initiative, “Giving Thanks By Giving Back.” A complete of $2.7 million was donated by the agency and their staff to organizations that battle starvation.
As all the time, we rely on you relating to bonus information at different corporations. 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 embrace the memo if obtainable. You can take a photograph of the memo and ship it through textual content or e mail when you don’t wish 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 very best, so please join together with her. Feel free to e mail her with any suggestions, questions, or feedback and comply with her on Twitter (@Kathryn1).