Associate Bonus Watch 2007, Biglaw, Bonuses, Money, Skaddenfreude

Associate Bonus Watch: Simpson Thacher!!!

associate bonus watch 2007 law firm Above the Law blog.jpgWe have to hit the road; we’re going out of town. So this is the last you’ll hear from us in a little while. If you have new bonus announcements to pass along, please email us, or note them in the comments to this post. We will follow up when we return.
But there’s no need to tell us about the Simpson Thacher & Bartlett bonus announcement. We already have it, and we’ve reprinted it after the jump. Thanks!

From: Ruegger, Pete
Sent: Wednesday, October 31, 2007 3:53 PM
To: Associates and Counsel
Subject: 2007 Bonuses
Simpson Thacher & Bartlett llp
On behalf of the partners of the Firm, I am pleased to announce both a Special Bonus for 2007, as well as the year-end bonuses for associates and counsel. Associates in good standing will be paid as follows:
Year End Bonus Special Bonus
Class of 2007 $35,000 (pro-rated) –
Class of 2006 $35,000 $10,000
Class of 2005 $40,000 $15,000
Class of 2004 $45,000 $20,000
Class of 2003 $50,000 $30,000
Class of 2002 $55,000 $40,000
Class of 2001 $60,000 $50,000
Class of 2000 $65,000 $50,000
Class of 1999 $65,000 $50,000
Bonuses for counsel and other attorneys will be determined on an individual basis and communicated separately. Special Bonuses will be paid on November 30, 2007 and the year-end bonus will be paid on December 28, 2007. Associates and counsel who were on leave or worked part-time during any part of this year will be eligible for a pro-rated bonus.
On behalf of the Firm, thank you for your continued dedication and professionalism. You have all contributed to the Firm’s extraordinary success this year.
Pete Ruegger
October 31, 2007

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