The newly minted firm of Selendy & Gay is making a splash with its inaugural bonus announcement, offering bonuses 50 percent above market. Quite the way to send a message for a firm that’s thrown itself headlong into the quest to garner the top talent on the market.
While the firm hasn’t existed for a whole year yet, they aren’t prorating these bonus amounts and leaving the laterals who joined mid-year in the lurch. All associates who joined from another firm will receive the full year’s bonus amount to reward them for taking the risk and leaving a potential bonus at their old firm on the table to join the new firm. Associates coming from clerkships or law school will see prorated bonuses.
That means Selendy & Gay associates will be receiving:
Class of 2018: $22,500
Class of 2017: $22,500
Class of 2016: $37,500
Class of 2015: $75,000
Class of 2014: $97,500
Class of 2013: $120,000
Class of 2012: $135,000
Bonuses will be paid on December 21st too.
Though as they say in the infomercials, “But wait! There’s more!” As a token of appreciation for all the associates who came to the firm in its infancy to get it off and running, Selendy & Gay is offering an additional one-off bonus based on seniority and start date.
What a way to kick off a firm! Congrats.
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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news.