The special bonuses are still coming, fast and furious, to Biglaw firms around the country! Now we’ve gotten word that a Texas-based firm has gotten in on the action, showering its associates with extra money — on top of the regular year-end bonuses — as a thank you for their hard work during the pandemic.
Yesterday, Vinson & Elkins announced special bonuses, payable in two tranches. Associates’ special payday will come at the end of May and October, with the second payment larded up. The payment schedule is as follows:
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Associates need to bill 1,900 hours, annualized, to be eligible for the special bonuses with the opportunity for a make-up payment if an associate’s hours come later in the year.
You can read the firm’s full memo on the next page.
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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).