Associate Bonus Watch 2010, Biglaw, Bonuses, Gay, Money

Associate Bonus Watch: Kaye Scholer Rewards High Billers

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If we were to hold a contest for “Law Firm Whose Name Sounds Most Like That of a Drag Queen,” the clear winner would be Kaye Scholer. Just drop that first “e” to form “Kay Scholer” — doesn’t she sound fierce? Scroll through this list of drag queen names. Wouldn’t Kay Scholer fit right in?

(Hey — this sounds like a fun idea for a post. If you have an idea for a law firm whose name could inspire a drag name — e.g., Morgan Lewis, Proskauer Rose (“Rose Proskauer”), Saxena White — please put in the comments or email us, subject line “Drag Name.” If we get enough submissions, we’ll hold a contest.)

Sorry, where were we? Ah yes, Kaye Scholer. Earlier this week, the firm announced its 2010 bonus schedule.

For the most part, it’s the Cravath scale, with an hours requirement (1950 hours, 1800 billable). But associates who go over 2400 hours (2250 billable) will find something extra in their stockings this year….

The Kaye Scholer bonus memo appears below. Associates who hit the 2400-hour mark — i.e., who make it into “Tier 2” — will get an extra $10,000, $15,000, or $20,000, depending on seniority.

Are the additional hours worth the additional cash? Feel free to debate in the comments.

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KAYE SCHOLER — MEMORANDUM — U.S. ASSOCIATE BONUS ANNOUNCEMENT

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