Associate Bonus Watch: Morrison & Foerster (Non-NYC)
How are MoFo's bonuses beyond New York looking these days?
MORRISON & FOERSTER — MEMORANDUM — 2013 ASSOCIATE BONUSES / 2014 ASSOCIATE COMPENSATION
From: Larren M. Nashelsky
Sent: Friday, February 7, 2014
Subject: 2013 Associate Bonuses/2014 Associate Compensation (U.S. Comp Structure)
To all Associates and Counsel on the U.S. Compensation Structure:
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I am delighted to confirm 2013 bonuses and announce 2014 base compensation.[1] Before I turn to the details, however, I wanted to thank you once again for your terrific work. As I noted in my message over the holidays, MoFo had a great 2013. The partners appreciate your commitment to excellence and the many sacrifices you made along the way in serving our clients.
2013 associate bonuses will be paid with the February 14 payroll[2]; base salary increases will be paid with the February 28 payroll, retroactive to January 1.[3]
2013 Bonuses – Non-NY
On February 11, we will distribute memos to associates outside New York who are receiving Evaluation Bonuses. (Associates who did not meet their minimum legal service hours requirements will not receive memos or be paid Evaluation Bonuses). As you know, we take into account three factors in calculating individual bonuses: performance as determined through the evaluation process, Legal Service Hours, and seniority. Evaluation Bonuses will be paid in the following ranges:
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The Salary Class of 2012 is not included in the Evaluation Bonus program, but eligible members of that class will be paid a First Year Bonus ranging from $10,000 to $20,000 (with a median bonus of $15,000) based on Legal Services Hours. Members of the Class of 2013 are not eligible for bonuses.
A special “high hours” bonus ranging from $10,000 to $25,000 will be paid to associates with Legal Service Hours in excess of 2500; these bonuses are not reflected in the chart above.
2013 Bonuses –- NY
In New York we will be paying bonuses to all eligible associates as previously announced. A special “high hours” bonus ranging from $15,000 to $40,000 will be paid to eligible NY associates with Legal Service Hours in excess of 2300.
2014 Associate Base Compensation
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2014 associate base compensation for those on the U.S. compensation structure will be paid by Salary Class year, as shown below. There were no changes to the base compensation scale from that in 2013.
Of Counsel
Of Counsel compensation is determined on a case-by-case basis; individual 2014 arrangements will be finalized between now and April 30. Bonuses for 2013 will be paid with the February 14 or February 28 payroll.
Questions
If you have questions after receipt of your bonus memo, please contact Cheryl Moser, Managing Director of Practice Administration. I invite you to bring more general questions about bonuses or base compensation to the meetings Craig Martin will be having with non-partner attorneys on February 12, to contact your Associate Representative in anticipation of the Associate Rep meeting on February 24 at 9:30 a.m. Pacific time, or to raise them with your Attorney Development Manager.
[1] The firm’s Compensation and Evaluation Brochure contains eligibility requirements and other important details applicable to bonuses and base compensation. Attorneys who are not paid on the U.S. compensation structure will receive separate communications regarding compensation.
[2] If an associate’s hours expectation is prorated for any reason, including for those joining during the year, on reduced schedules, or on a paid or unpaid leave of absence during the year, applicable bonuses will be prorated accordingly.
[3] Payment dates may vary in some international offices.
Larren
Larren M. Nashelsky
Morrison & Foerster LLP
Lehman Bankruptcy Judge Peck to Join Morrison & Foerster [WSJ Law Blog]
DOJ’s Duross joining MoFo [FCPA Blog]
Leading Commercial Litigator Steven Kaufmann Rejoins Morrison & Foerster [Morrison & Foerster (press release)]
Morrison & Foerster Elects 10 New Partners [Morrison & Foerster (press release)]
Earlier: Associate Bonus Watch: Morrison & Foerster (New York)
Associate Bonus (and New Partner) Watch: Morrison & Foerster
