Latham Bonuses Are Out And The Median Bonuses Beat The Market
With big bonus numbers like this, waiting isn't so bad!
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If associates have to wait until January for their year-end bonuses, at least many of them will be taking home more money than the standard Biglaw bonus rate.
At Latham & Watkins, bonuses come with a 1,900 hours requirement, but they also give extra money for those who are billing above that threshold. And, from the looks of it, Latham associates have been pretty busy. The base bonuses (both year-end and special bonuses which Latham gave out in the fall) are at market levels, but the median bonuses for every class year beat the market rate. And the top bonuses are way over what the market gives out.
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The firm circulated the below chart internally, and you can get a sense of just how generous bonuses are at Latham (full memo on the next page):
The firm also announced the success of their charitable giving initiative, “Giving Thanks By Giving Back.” A total of $2.7 million was donated by the firm and their employees to organizations that fight hunger.
As always, we depend on you when it comes to bonus news at other firms. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) or text us (646-820-8477). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
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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).
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