As firms continue throwing their lot in with the new special bonus schedule, about the only drama left is figuring out how firms elect to pay out their bonuses. Will they be April-September or May-November? Will they be equally divided payments or backloaded to the latter date?
White & Case has matched the prevailing market rate, but how did they answer these questions?
It’s a June 28 and December 28 payout — a bit on the late side — and it’s a backloaded payment, so associates had best be ready to stick it out until 2022.
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| June | December | Total | |
| Class of 2020 | $4,500 | $7,500 | $12,000 |
| Class of 2019 | $6,000 | $10,000 | $16,000 |
| Class of 2018 | $12,000 | $20,000 | $32,000 |
| Class of 2017 | $16,500 | $27,500 | $44,000 |
| Class of 2016 | $19,500 | $32,500 | $52,000 |
| Class of 2015 | $22,200 | $37,000 | $59,200 |
| Class of 2014 | $24,000 | $40,000 | $64,000 |
| Class of 2013 & up | $24,000 | $40,000 | $64,000 |
Bonuses are for associates on track to make their hours for the year. If associates miss the June date but catch up by year’s end, they’ll be made whole.
Congrats!
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