AKIN GUMP — MEMORANDUM — ASSOCIATE AND COUNSEL BONUSES (NEW YORK)
From: Botter, David
Sent: Tuesday, February 12, 2013
To: NY Associates; NY Counsel
Cc: McLean, Bruce; Koopersmith, Kim; Golden, Daniel; NY Partners; Dressing, Julie; Gravit, Aleisha; FW Practice Managers
Subject: Associate & Counsel Bonuses
In recognition of your efforts this year, and consistent with our continuing commitment to provide a competitive compensation package for our associates and counsel, your 2012 bonus will be paid in the February 15 payroll.
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As in prior years individual bonuses are based upon an assessment of each associate or counsel’s overall performance as determined in the evaluation process, including work quality, demonstration of progress through the core competencies, productivity and contribution to practice group performance, firm citizenship and pro bono efforts. Although there is no hard and fast minimum hour threshold for receiving a bonus, in general associates and counsel whose productivity was greater than 1950 hours received a bonus this year.
As we have done in the past, the standard New York market bonus will be paid to associates and counsel who meet the requirements as set forth above.
Class of 2011 – $10,000
Class of 2010 – $14,000
Class of 2009 – $20,000
Class of 2008 – $27,000
Class of 2007 – $34,000
Class of 2006 – $40,000
Class of 2005 – $50,000
Class of 2004 and above – $60,000
Additional bonus amounts may be awarded on a case-by-case basis for extraordinary performance.
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Bonuses will be pro-rated for associates and counsel who started at the firm during the year, are on a reduced work schedule or who were on an approved leave of absence during 2012.
Again, thank you for all of your efforts.
David
David H. Botter, P.C.
AKIN GUMP STRAUSS HAUER & FELD LLP
One Bryant Park | New York, NY 10036-6745
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