Much like the weather, bonus season is heating up!
After getting roasted by legal industry observers for sending out chocolate eggs (with Shearman branding, natch) while other Biglaw firm were announcing bonuses, Shearman & Sterling has decided the time has come to announce the market rate bonuses everyone pretty much assumed were in the offing. And you can buy yourself A LOT of chocolate with special bonuses this big!
The firm, ranked 42nd in the Am Law 100 with $968,164,000 gross revenue in 2019, will be matching the bonus scale set by Davis Polk, with July and October payment dates. And, as has become increasingly common, the second bonus payment will be the larger of the two:
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Full memo is available 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).