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

Associate Bonus Watch: Shearman & Sterling Matches

onNovember 5, 2007 at 9:52 AM

Friday was a busy day for associate bonus announcements. We reported bonus news from Cleary, Willkie, Cahill, and Dewey & LeBoeuf.
But we didn’t get everyone. Apparently Shearman & Sterling also announced on Friday afternoon. (But we didn’t get the memo until the weekend — please, people, we know you can do better.)
Memo after the jump.

Rohan S Weerasinghe/NY/NA/ShS
11/02/2007 03:40 PM
I am very pleased to announce a special bonus that will be paid to our U.S. Track associates in addition to our regular bonus for 2007. The bonus amounts, based on class year, are as follows:
Class Year Special
Bonus Bonus
Class of 2007 $35,000 N/A
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
and above $65,000 $50,000
In accordance with our customary practice of paying bonuses in January, bonus payments will be made on January 15 to all active U.S. Track associates in good standing. For those associates who were on a leave of absence, worked part-time, or joined the firm after January 1, 2007, bonuses will be prorated. For counsel and special associates, a special bonus will also be reflected in your regular annual bonus payment. Should you have any questions, you should contact Lisa Jacobs, Tai Park, or Barbara Gannett, who will be pleased to answer them.
On behalf of my partners, I want to thank you for your commitment and dedication to the firm over the past year.
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