Guess who’s joined the bonus party? Winston & Strawn has joined the bonus party! Yesterday the Biglaw firm announced their bonus scale for all associates, and unsurprisingly, they have followed the compensation leader Cravath. They’ll be offering market bonuses, which for those that haven’t been following are as follows:
Class of 2017 — $15,000 (pro-rated)
Class of 2016 — $15,000
Class of 2015 — $25,000
Class of 2014 — $50,000
Class of 2013 — $65,000
Class of 2012 — $80,000
Class of 2011 — $90,000
Class of 2010 — $100,000
Class of 2009+ — Case by case
In addition to the standard bonuses, Winston notes that attorneys that have “substantially exceeded the Firm’s 2,000 hour productivity goal” are eligible for additional bonuses. While “substantially exceed” is not defined, it’s still not a bad reward for associates who really worked their butts off in 2017.
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So, Winston attorneys, how do you feel about the bonuses? Feel free to sound off by email, by text message (646-820-8477), or by tweet (@ATLblog). A fun or insightful response — we’ll keep you anonymous — could find its way into an update to this story.
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Read the full memo on the next page.
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Kathryn Rubino is an editor at Above the Law. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).