Special Bonuses With A Side Of 'Significantly Increasing' Annual Bonus
That's some exciting news.
It’s not particularly surprising that Winston & Strawn will join the market in offering special bonuses. This one is a JSESDPWM (June-September Equal Split DPW Match). But what is surprising is a line tucked away at the bottom of the memo promising some even more exciting news at year-end.
Winston matches the market rate for annual bonuses every year, but has historically kicked a bit more into the annual bonus pool for high billers. Back in 2019, this amounted to around $5K for 2200 hours and $7.5K for 2400. This special bonus memo concludes by announcing, “we are pleased to announce that we are significantly increasing our year-end high hours bonuses.” That’s a tantalizing promise to drop on associates finishing up their first quarter of billing!
But we’ll have to wait to see what Winston’s going to offer next. For now, we’ve got June and September bonuses to think about.
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Bonuses are available to associates hitting a 1900-hour annualized target — folks missing out in June have the opportunity to catch up. Congrats to all and we’re looking forward to more news about these high-biller bonuses!
Please help us help 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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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
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