The Biglaw bonus train continues to gain steam. Yet another Biglaw firm has decided to pony up cold hard cash to tell associates just how much they appreciate their hard work during the COVID-19 pandemic.
This time it is Baker Botts giving out the big bucks. The firm, ranked 58th on the Am Law 100 with $751,070,000 in gross revenue in 2019, announced special bonuses. And of course, as you’d expect from such an elite firm, they’re meeting the market rate set last month by David Polk.
The payment schedule is as follows:
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| Deem Date | First Payment | Second Payment | Total |
| 2020 | $4,500 | $7,500 | $12,000 |
| 2019 | $6,000 | $10,000 | $16,000 |
| 2018 | $12,000 | $20,000 | $32,000 |
| 2017 | $16,500 | $27,500 | $44,000 |
| 2016 | $19,500 | $32,500 | $52,000 |
| 2015 | $22,200 | $37,000 | $59,200 |
| 2014+ | $24,000 | $40,000 | $64,000 |
Payments will be subject to the firm’s traditional bonus hours requirements. If an associate does not meet the annualized hours requirement by May 31, they’ll be able to make up the hours and receive the full bonus amount with the second.
You can read the firm’s full memo on the next page.
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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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).