Woohoo! Way to celebrate the start of the weekend, Akin Gump!
This afternoon — just in time for happy hour — the firm announced their 2018 bonus schedule. As expected, the elite firm mirrored the market standard for bonuses set by Cravath last month. And while the bonus schedule may not shock any market observers, it still is a nice thank you for all the hard work associates did over the course of this year.
The bonus scale Akin will be giving their associates:
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Class of 2018 – $15,000 (pro-rated)
Class of 2017 – $15,000
Class of 2016 – $25,000
Class of 2015 – $50,000
Class of 2014 – $65,000
Class of 2013 – $80,000
Class of 2012 – $90,000
Class of 2011 – $100,000
Class of 2010 – $100,000
PLUS — if you’ve been extra special good this year, the firm is willing to kick you some extra cash:
Those associates and counsel whose performance and productivity is deemed extraordinary, will receive additional bonus amounts ranging from $5,000 – $25,000 above the market level for their class.
(Read the full bonus memo on the next page.)
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. 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).