Holland & Knight has been in the news recently, as they’re considering a potential merger with Thompson & Knight. But just because they’re focused on the long-term strategy of the firm, associates haven’t been left twisting in the wind.
Holland & Knight, ranked 38th on the Am Law 100 with $1,026,809,000 in 2019 gross revenue, has decided to show associates just how much they care with great bonus news. Last week, the firm announced their own special bonuses and matched the scale set by Davis Polk in March.
The bonus distributions will be as follows:
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| Level | Spring Bonus (payable in June for hours through May 31) | Fall Bonus (payable in November for hours through October 31) | Total |
| Level 7+ | $24,00 | $40,000 | $64,000 |
| Level 6 | $22,200 | $37,000 | $59,200 |
| Level 5 | $19,500 | $32,500 | $52,000 |
| Level 4 | $16,500 | $27,500 | $44,000 |
| Level 3 | $12,000 | $20,000 | $32,000 |
| Level 2 | $6,000 | $10,000 | $16,000 |
| Level 1 | $4,500 | $7,500 | $12,000 |
To be eligible for the bonuses, associates have to be on track to bill 1,900 hours (which includes pro bono and other approved non-client hours), with the opportunity to make up a missed first payment if an associates’ hours pick up in the second half of the year.
According to tipsters at the firm, associates are happy with the largesse, saying:
Associates are thrilled that the firm is keeping compensation competitive with market leaders.
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Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). 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).