DECHERT — MEMO — BONUSES
| Special thanks and 2024 bonuses
A message from Mark Thierfelder and Dave Forti |
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| Sent to all associates, counsel and national partners; BCC to partners and chiefs
We are incredibly proud of, and grateful for, your remarkable dedication, hard work and commitment to our clients, the firm and our communities. Your exceptional efforts have played a key role in helping the firm progress our strategic priorities and achieve a very successful year.
As previously announced in November, year-end bonuses and special bonuses will be awarded to all associates, counsel and national partners in good standing who meet the firm’s expectations for billable, pro bono and community hours. We are pleased to share that the special bonus will be paid before the end of the year in the U.S. and London. In the other EMEA offices, the special bonus will be paid by the end of January. All year-end bonuses across all offices will be paid by the end of January.
We will also continue to pay extraordinary bonuses, which increase the amount of the year-end bonuses. This year, in addition to our usual 30% and 40% above market bonuses, we have enhanced bonuses up to 130% above the market to thank those who went well beyond our normal hours grid. For associates in EMEA who met the U.S. bonus targets, their bonus amounts will be commensurate with the U.S. scale. This is not setting a new hours expectation, but we recognize the incredible personal sacrifices that some of our lawyers have made to deliver truly outstanding client service.
Thank you again for your contributions. Together this year we have made a lasting impact on our clients and community.
We wish you and your loved ones a happy and successful new year. |
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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 Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.