We’ve been hearing a bit about the bonuses paid out by Latham & Watkins. It seems that LW associates are quite pleased.
Going back to our post from earlier today, it seems that one tipster’s speculation about a meeting to spin bad news was off the mark. A second LW source had this rebuttal:
Sometimes our offices have meetings to discuss bonuses. I am aware of one office that had a similar meeting last year, on the day in which bonuses were given. I think it’s more to go through the bonus memo and answer any questions, rather than to break any bad news.
And apparently there was no bad news to break. If this chart (posted at AutoAdmit) is correct, Latham associates did pretty well for themselves.
We haven’t received confirmation of the chart (yet — we’re working on it). And the chart also doesn’t reflect unspecified additional amounts paid out in New York. But LW sources did write in to say they’re pleased with their hauls:
“I think people are pretty happy with what they received.”
“Overall, bonuses are better than ever. They matched or more than matched in every market, for people who hit 1900 billable hours (a goal that is very clear — there was no doubt from the day I was hired that I needed 1900 to get a bonus). Bonuses in non-NY offices are far higher than they were last year (minimum – $35,000) and New York seems to have matched and/or exceeded the Cravath model. Overall, I am very happy!”
If you’re at Latham and can confirm the chart or provide us with more info, please drop us a line. Thanks.
Update: The accuracy of the chart has been confirmed for us by multiple sources at Latham.
Latham bonus memo for 2007 [AutoAdmit.com]
Earlier: Associate Bonus Watch: Reading the Latham Tea Leaves