The bitter chilly days of winter are formally right here, judging by the snow the latest nor’easter dumped on New England and the plummeting temperatures all up and down the eastern sea board. But there’s a method Biglaw associates can hold heat — by counting all the cash that’s being showered on them! That’s proper, it’s bonuses season and we’re joyful to report yet one more Biglaw agency has joined the bonus social gathering.
On Friday, Allen & Overy has introduced year-end bonuses that match the prevailing market price. The bonus scale is as follows (you can read the full memo on the next page):
Class of 2020: $15,000 (pro-rated)
Class of 2019: $15,000
Class of 2018: $25,000
Class of 2017: $50,000
Class of 2016: $65,000
Class of 2015: $80,000
Class of 2014: $90,000
Class of 2013: $100,000
Class of 2012: $100,000
Plus the Magic Circle agency can also be signaling they’re enjoying ball with the elite of Biglaw. Back within the fall, it was trending among Biglaw firms to pay particular bonuses, in appreciation of associates‘ onerous work throughout the pandemic. Of course, some, ahem Cravath, determined to attend on particular fall bonuses. But now A&O has joined the firms handing out the particular bonuses now — higher late than by no means! Those particular bonuses vary from $7,500 to $40,000, relying on class 12 months, and are along with the year-end bonus numbers. So yeah, Biglaw associates have quite a bit to be glad about! As a tipster on the agency notes:
Associates are thrilled and relieved that the agency’s dedication to increasing within the US market is mirrored in its appreciation for the associates’ contribution’
All bonuses on the agency might be paid on January 15, 2021.
As all the time, we rely on you in the case of bonus information at different companies. 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 out there. You can take a photograph of the memo and ship it by way of textual content or e-mail in case you don’t need to ahead the unique PDF or Word file.
And in case you’d like to enroll in ATL’s Bonus Alerts, please scroll down and enter your e-mail deal with within the container under this submit. If you beforehand signed up for the bonus alerts, you don’t have to do something. You’ll obtain an e-mail notification inside minutes of every bonus announcement that we publish.
Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the most effective, 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).