It’s become expected that the biggest of Biglaw firms will, despite the uncertain economic waters ahead, match the prevailing market rate of year-end bonuses for associates. After all, the hours associates bill are the product firms are selling, and staying at the top of the market is the way to ensure your firm has access to the best and the brightest. But the big bonuses being tossed about the industry are for more than just Biglaw.
Yesterday litigation boutique Glenn Agre Bergman & Fuentes — founded last year — announced their associate bonuses. And whaddya know? They’re matching the market bonuses set by Baker McKenzie last month.
Those are some very nice bonuses headed associates’ way. Plus, “Associates are also eligible to receive a premium above these year-end bonus amounts based on their extraordinary dedication and/or performance.”
You can read the full memo on the next page.
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).