It’s a brand new week, and Biglaw particular bonuses are nonetheless coming in scorching.
Latham, one of the worthwhile Biglaw companies within the nation, with $3,767,623,000 gross income in 2019, simply stunned its legal professionals with large bonuses to begin the day.
The agency is matching the dimensions set by Davis Polk, paying out as much as $64,000 relying on class yr. Here’s what it appears to be like like on the #2 agency in America:
Latham will probably be making its funds on May 14 and October 15. Associates will solely be eligible for payouts if they’re “at or above their individual hours budget” as of April 30 and September 30. It doesn’t look like the agency will probably be providing associates the prospect to make play catch-up with their hours for future make-up bonus funds, as a number of different companies have provide.
Better begin billing, Latham associates. Congratulations!
(Flip to the next page to see the complete memo from Latham.)
Remember everybody, we rely in your tricks to keep on prime of necessary bonus updates, so when your agency matches, please textual content us (646-820-8477) or email us (topic line: “[Firm Name] Matches”). Please embody the memo if obtainable. You can take a photograph of the memo and ship it through textual content or e mail for those who don’t need to ahead the unique PDF or Word file.
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Staci Zaretsky is a senior editor at Above the Law, what place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any suggestions, questions, feedback, or critiques. You can keep track of her on Twitter or join together with her on LinkedIn.