Fran Milone

Thanks to everyone who responded to our recent request for information about 2011 bonuses at Morgan Lewis & Bockius. Here’s our report on bonuses at MLB.

As you may recall, Morgan Lewis pays individualized bonuses, so there’s no tidy table as there is for lockstep firms. Feel free to use this post as an open thread for MLB bonuses — you can compare amounts anonymously, in the comments.

How are Morgan Lewis associates feeling about their bonuses? We’ll get the ball rolling with some tips that we’ve received….

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This week brought annual reviews and individual bonus news for associates at Morgan Lewis & Bockius. Today (Friday) is payday, so everyone at MLB should know their bonus by now (or fairly soon).

Back in November, firm chairman Francis M. Milone stated that 2010 bonuses would be “substantially larger” than last year. So that set expectations fairly high.

Did the MLB bonuses live up to the hype?

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We have good news for Morgan, Lewis & Bockius associates. Salary information is in and most people are getting raises. True-up raises at that. The class of 2008 pulled the short straw, but everybody else seems relatively happy. A tipster reports:

Please post that yesterday MLB essentially unfroze salaries (most ’08 grades only went up to 165 though) but otherwise made everyone whole, retroactive January 1, 2010.

The double-bump raise for veteran associates comes a couple of months after MLB announced big time raises for a select few associates — while most of the firm’s associates were left to wait and wonder. In January, we reported this message from Morgan Lewis Chairman, Francis M. Milone:

After considering all of these factors, we awarded base salary increases of up to $25,000 and incentive bonuses of up to $35,000 to our highest performing associates. As I advised in my November video presentation, we did not reduce associate base salaries.

According to the firm, the decision to give true-up raises to mostly everybody is in keeping with MLB’s new merit-based strategy …

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