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

Associate Bonus Watch: Milbank Matches

associate bonus watch 2007 law firm Above the Law blog.jpgWe’ve had this news for a while, but technical difficulties prevented us from posting on the main page. We did note it in the comments.
Milbank has matched. Memo after the jump.
Due to the aforementioned technical difficulties — we’re switching to new servers later this month, thankfully — we’re signing off for the day. If any more bonus news surfaces while we’re gone, feel free to discuss it in the comments (and also please email us, since we don’t read every last comment). Thanks.

From: Wagner, Christine
Sent: Thursday, November 01, 2007 5:03 PM
To: #BJ Associates; #DC Associates; #LA Associates; #HK Associates; #NY Associates; #SG Associates; #TK Associates
Subject: Sent On Behalf Of The Executive Committee
In the Classes of 2007 – 1999
The Firm is very pleased to announce that we will again be paying year-end bonuses to all associates in the classes of 2007 – 1999. We will also be paying a special one time bonus to associates. Bonuses will be paid to associates in good standing and will be subject to the usual pro-rations for 2007 start dates, part-time schedules and unpaid leaves of absence. The special bonuses will be paid on November 30, 2007, and the year-end bonuses will be paid on or before January 15, 2008.
The bonus amounts for 2007 are as follows:
Year-End Special bonus
Class of 2007 $35,000
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
On behalf of the Firm, we sincerely thank you for your many efforts. Your commitment and dedication, excellent client service, and contributions to mentoring, recruiting and pro bono contributed significantly to a great year for the Firm.
November 1, 2007

(hidden for your protection)

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