Biglaw, Bonuses, Money

Associate Bonus Watch: Skadden 'Beats' Simpson, Kinda

For certain senior associates, Skadden will be paying more than the market -- how much more?

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SKADDEN ARPS SLATE MEAGHER & FLOM — MEMORANDUM — 2014 YEAR-END BONUSES

M E M O R A N D U M

TO: Associates Class of 2007 & Senior

FROM: Eric J. Friedman

Re: Associate Bonuses

We are pleased to announce that we will be paying a discretionary bonus on December 19th. The discretionary bonus is an indication of our appreciation for your hard work and dedication to the Firm and our clients.

In response to requests from associates that we update our compensation model for senior associates, this year there will be differentiated bonuses for associates in classes 2007 and senior. To more accurately reflect individual contributions to the Firm and our clients, distinctions will be based upon individual excellence, including quality of work, intensity of effort, depth of experience and Firm citizenship. While most of our associates in classes 2007 and senior will receive a bonus of $100,000, individual bonus amounts (which may be higher or lower) will be determined in the next two weeks applying the above criteria. Some associates in those classes will receive a bonus of $110,000 in recognition of extraordinary performance and intensity of effort. Payment will only be made to associates employed by the Firm on December 19th.

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Best wishes for the holiday season.

*If applicable, bonus amounts will be prorated based on start dates and status changes.

Earlier: Associate Bonus Watch: Skadden Arps Announces (2013)
Bonus Season Comes Early! (And It’s Not Cravath)

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