What might probably be higher than bonus information? Even extra of it!
Yet one other Biglaw agency has introduced its year-end bonuses, and this time, it’s none apart from Shearman & Sterling, one of many few companies that went out of its technique to shower its associates with cash earlier this fall in the course of the particular bonus wars. What does Shearman have in retailer for associates by way of their year-end bonus hauls?
It’s a Cravath match, in fact. Here’s what the dimensions appears like on the agency:
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 and above – $100,000
It ought to be famous, nonetheless, that these are simply “standard” bonus quantities; particular person bonus quantities at Shearman are discretionary and primarily based on efficiency. Hopefully that seems well for associates throughout a pandemic.
Bonus cash on the agency shall be paid out on December 18. Congratulations to all!
(Flip to the following page to learn the Shearman & Sterling bonus memo in full.)
Remember everybody, we rely in your tricks to keep on high 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 embrace the memo if out there. You can take a photograph of the memo and ship it through textual content or electronic mail in case you don’t wish 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 ideas, questions, feedback, or critiques. You can comply with her on Twitter or join together with her on LinkedIn.