Top 30 Biglaw Firm Shares The Wealth With Some Big-Money Bonuses
Exciting news!
Money, money, money: It’s something Biglaw associates love to hear good news about, especially when more of it is about to land in their bank accounts for all of their hard work during the pandemic. Dozens of firms have already offered special bonuses to their associates and counsel, and one more firm recently joined in the bonus craze.
McDermott Will & Emery — a firm that brought in $1,172,114,000 gross revenue in 2019, putting it in 30th place in the most recent Am Law 100 ranking — emailed attorneys to share the wealth yesterday afternoon. The firm is matching the Davis Polk scale. Here’s what that looks like at MWE (full memo on the next page):
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Associates at the firm are expected be on track to meet a threshold of 1850 annualized client-billable hours to receive these bonuses, which are payable in late June and late October. Additional details, like whether catch-up payments are available if associates miss the mark for the June payment, will be announced later this week. Congratulations to everyone at McDermott!
(Flip to the next page to see the full memo from McDermott Will & Emery.)
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.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
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