From: Orso, Keith
Sent: Wednesday, December 20, 2023 2:51 PM
To: #Associates Only (Firmwide) [Int] ]
Subject: Thank you again and happy holidays!
Confidential – For Internal Irell Distribution Only
Dear colleagues,
On December 22, the firm will be distributing December bonuses in the amounts indicated below to all associates in good standing who have met minimum billable hours expectations for 2023. In consideration of your exceptional contributions to the firm’s success over the last year, we are thrilled to once again be paying bonuses that are substantially above market at all associate class levels. More specifically, while the exact ratios vary by class level, our total bonuses across the associate classes this calendar year (spring plus end of year 2023) average more than twice the total market bonuses being paid by most other high-end firms this year.
Additionally, as a further part of our commitment to associates sharing in the financial success of the firm, we are also continuing our spring bonus program. Under this program, all 2023 bonus-eligible individuals who remain associates in good standing will also receive a further supplemental bonus, beyond the amounts below, in April or May after the firm’s financials for fiscal year 2023 have closed.
On behalf of the partnership, thank you again for everything that you do to make this a special place to practice. Best wishes for a wonderful holiday season!
Best regards,
Keith
| Class | 2023
December Bonus |
| New Associate (pro-rated for start date) | $45,000 (pro-rated) |
| 1st year (2022) | $45,000 |
| 2nd year (2021) | $55,000 |
| 3rd year (2020) | $95,000 |
| 4th year (2019) | $115,000 |
| 5th year (2018) | $135,000 |
| 6th year (2017) | $160,000 |
| 7th year (2016+) | $175,000 |
Irell & Manella llp