On Friday, the firm of Fried Frank announced associate bonuses. This year’s announcement was just like last year’s, i.e., something of a black box. The firm memo, reprinted below, states that FFHSJ will be paying “year-end bonuses to New York associates in varying amounts up to $40,000″ — but doesn’t say much more than that.
So nobody at Fried Frank really knows how much anyone else is getting. According to one source, though, “the news is that bonuses are generally in line with other firms and are being paid by year end.” In addition, “[r]umor is that bonus structure may not be lock-step and might (heaven forfend) be based in part on performance.”
The full memo appears after the jump. Fried Frank folk, feel free to compare your bonuses in the comments.
M E M O R A N D U M
December 10, 2010
To: All New York Associates
Re: Associate Bonuses
On behalf of the Firm, we are pleased to announce year-end bonuses to New York associates in
varying amounts up to $40,000. Bonus amounts will be based on seniority, quality of and hours
worked, client service, and contributions to pro bono and other Firm activities. As is customary,
bonuses for special counsel will be determined and paid after February 28, 2010, the close of the
Firm’s fiscal year. We very much appreciate and thank you for your hard work and dedication to
the Firm and its clients.
We wish you a happy holiday season and extend our best wishes for a Happy New Year.
Valerie Jacob and Justin Spendlove
New York Partners
New York Special Counsel
NY Office of Attorney Development