Welcome to the bonus get together, Skadden!
After Willkie Farr began the bonus battle by handing out particular spring bonuses to have associates share within the agency’s largesse, Davis Polk went excessive with even greater bonuses. Now Skadden has introduced their very own spring bonus plans.
They’re matching the Davis Polk scale, in response to the next chart:
Full announcement available on the next page.
They went with June/December disbursements, somewhat than the sooner April/September some companies are rolling with, however, most significantly, the amount of cash stays the identical. The agency additionally clarified, like their friends, this will probably be along with the common year-end bonuses, which they anticipate will probably be not less than as expansive as final 12 months’s bonus pool.
Additionally, the agency famous that if an affiliate doesn’t meet the hours requirement for the June bonus cost (although that threshold shouldn’t be disclosed within the e mail, it’s highly anticipated it’ll be in keeping with the agency’s standard hours necessities), they’ll have a chance to garner a make-up cost together with the December bonus.
Remember everybody, we rely in your tricks to keep on prime of vital 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 in case you don’t wish to ahead the unique PDF or Word file.
And in case you’d like to join ATL’s Bonus Alerts (which is the alert listing we additionally use for ongoing wage bulletins), please scroll down and enter your e mail tackle within the container under this put up. 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. Thanks for your entire assist!
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 along with her. Feel free to e mail her with any ideas, questions, or feedback and keep track of her on Twitter (@Kathryn1).