O’Melveny & Myers just announced associate bonuses for its offices in California and Washington, DC. One of the tipsters who sent us the memo is not pleased:
Attached is the memo that O’Melveny & Myers associates just received. The figures for the “class bonus” appear to be far below the standard bonus at other comparable firms such as Gibson Dunn.
Memo after the jump.
Update: Based on the reactions thus far, this announcement is not going over very well. But maybe OMM is okay with that. Opines one commenter: “Expect a big exodus. It’s probably what they are hoping for.”
O’MELVENY & MYERS — MEMORANDUM — 2007 ASSOCIATE AND COUNSEL BONUSES (CA / DC)
From: Brooks, Brian
Sent: Tuesday, December 18, 2007 4:44 PM
To: #DC ASSOCIATES & COUNSEL; #NB ASSOCIATES & COUNSEL; #CC ASSOCIATES & COUNSEL; #LA ASSOCIATES & COUNSEL; #SV ASSOCIATES & COUNSEL; #SF ASSOCIATES & COUNSEL; #DC PARTNERS; #NB PARTNERS; #CC PARTNERS; #LA PARTNERS; #SV PARTNERS; #SF PARTNERS
Cc: #ATTORNEY RECRUITING & DEVELOPMENT ADMINISTRATORS
Subject: CA/DC associate and counsel bonuses
Dear Colleagues —
Attached is a memo describing this year’s associate and counsel bonus process and results. Best wishes for a happy holiday season!
Brian P. Brooks
O’Melveny & Myers LLP
1625 Eye Street, NW
Washington, D.C. 20006-4001