Associate Bonus Watch 2007

Associate Bonus Watch: Goodwin Procter

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Last week, a Boston tipster told us:

As you probably know, the rest of the Boston firms will begin announcing bonuses next week (finally). Anyway, just thought I’d let you know that associates at Goodwin Procter received a very short email yesterday that there would be a meeting on Tuesday at 1pm to discuss “this year’s attorney review process, review delivery and total compensation determinations.” We’ll be crossing our fingers that the firm will match NYC and the bigger Boston firms (Ropes, Proskauer, Weil) with the special bonuses.

Goodwin is on a 9/31 fiscal year and 2007 was their best year in the firm’s history. If they cheap out, there will be a LOT of complaining.

It looks like they didn’t “cheap out.” From a different source, who was at this afternoon’s meeting:

Goodwin Procter matched regular and special bonus – 1850 billables (I know not a true match from you perspective, but in reality there are very few firms in the city who do not have some hours requirement; all things considered, theirs is low). No memo, had an all associate meeting. All other offices on the NY scale w/o special bonus.

P.S. Completely unrelated to law firm life, Heath Ledger has been found dead in New York. He was a talented young actor. May he rest in peace.

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