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

Associate Bonus Watch: Covington & Burling (New York)

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It’s good to be an associate at Covington & Burling these days.
There’s the cleaned-up Wikipedia entry. There are, for New York associates, spiffy new offices in the Renzo Piano-designed New York Times building. One Covington associate describes the new digs as “spectacular,” with views of the Statue of Liberty, George Washington Bridge, and Empire State Building. “They are a bit cold and impersonal, but we are a law firm, after all.”
Also for New York associates: special bonuses. Check out the Covington (New York) bonus memo, after the jump.


COVINGTON & BURLING — 2007 ASSOCIATE BONUS MEMO (NEW YORK)
Memorandum to New York Associates
We are pleased to announce a one-time special bonus for our New York associates for 2007. The special bonus will be in addition to our annual bonus and will be on the following scale:
Class of 2007 — N/A (year-end bonus only)
Class of 2006 — $10,000
Class of 2005 — $15,000
Class of 2004 — $20,000
Class of 2003 — $30,000
Class of 2002 — $40,000
Class of 2001 and prior — $50,000
The special bonus will be awarded in accordance with our usual bonus policies, and will be paid in December. This special bonus reflects the Firm’s general practice that it will be competitive in associate compensation in each of the cities where we operate.
Thank you for your hard work and many contributions to the firm.
The Management Committee
Covington & Burling, a Pfizer law firm, caught cleaning up its reputation on Wikipedia [BrandweekNRX]

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