Associate Bonus Watch: Bonuses Are Served At Clifford Chance And Fried Frank
Every time an associate says, “I don’t believe in higher bonuses,” there’s a would-be Boies-level bonus someplace that falls down dead.
CLIFFORD CHANCE – MEMORANDUM – 2013 BONUSES
TO U.S. Associates
DATE December 12, 2013
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COPY TO Ness M. Cohen
Ira D. Frome
Amy Flanagan
FROM Evan Cohen
Re: 2013 Bonuses
I am pleased to announce that the 2013 bonus levels for U.S. Associates will be as follows:
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Class Year Bonus
2005 and more senior $60,000
2006 $50,000
2007 $40,000
2008 $34,000
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2009 $27,000
2010 $20,000
2011 $14,000
2012 $10,000
2013 $10,000 (prorated)
Bonuses will be paid on January 15, 2014. As in prior years, individual bonuses will be based upon an assessment of each associate’s overall performance, including quality of work, contribution, teamwork and pro bono efforts. In accordance with Firm policy, pro bono hours will be treated as equivalent to billable hours for performance review purposes. Where relevant, bonuses will be prorated in accordance with our customary practices.
Thank you for your continued commitment to client service and to the success of our Firm.
Sincerely,
Evan
Earlier: Associate Bonus Watch: Clifford Chance
Associate Bonus Watch: Fried Frank Announces Bonuses ‘Up to $52,500′
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