BAKER MCKENZIE — 2020 BONUS ANNOUNCEMENT
Global law firm Baker McKenzie is pleased to announce that we will award bonuses to U.S. associates with the following schedule:
| Class | Bonus |
| 2019 | $15,000 |
| 2018 | $25,000 |
| 2017 | $50,000 |
| 2016 | $65,000 |
| 2015 | $80,000 |
| 2014 | $90,000 |
| 2013 | $100,000 |
| 2012 and more senior | $100,000 |
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We will ensure that our bonus scale matches any increases in the market should they occur.
We are also pleased to announce that the salary reductions which took effect on May 1 will end on November 30, 2020 — one month sooner than we had planned.
Also as previously announced, we plan to recognize and additionally reward our top performers whose practices have been impacted by the economic downturn, as well as to others demonstrating exemplary performance in the face of increasing demands on their time this year.
North America Chief Executive Officer, Colin Murray said, “The firm would like to express our sincere appreciation for our associates’ hard work on behalf of clients and also for navigating the many personal and professional challenges brought on by COVID-19.”
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.