Last
year,
Goodwin
announced
its
bonus
structure
in
early
January.
Not
that
there’s
anything
necessarily
wrong
about
that
—
many
firms
don’t
pay
out
their
bonuses
until
the
new
year,
so
there’s
nothing
magic
about
hearing
about
it
until
January.
But,
like
Clark
Griswold
and
his
pool,
you
just
want
to
know
what
you’re
getting
before
shelling
out
for
the
holidays,
you
know?
Well,
this
year,
the
firm
isn’t
leaving
its
team
in
suspense.
The
Top
20
Am
Law
firm,
sitting
on
almost
$2.5B
in
revenue,
put
out
its
bonus
announcement
and
it’s
not
just
associates
getting
the
good
news.
The
associates
are
getting
the
market
standard
combination
of
annual
bonus
and
belated
Milbank
summer
bonus
match
(pending
the
associate
meeting
the
requisite
performance
benchmarks,
of
course).
Bonuses
will
show
up
in
the
January
30
checks.
Bonus
memos
announcing
the
same
chart
also
went
out
to
the
London
&
Cambridge,
Luxembourg,
Singapore,
and
Hong
Kong
associates.
But
the
news
doesn’t
end
with
the
associates.
As
an
industry,
counsel
consistently
get
left
in
the
dark
around
bonus
time.
The
perils
of
being
off-grid.
Goodwin
is
offering
more
transparency
to
the
counsel
cohort,
informing
them
that
they
will
be
eligible
for
a
$25,000
special
bonus
atop
their
individualized
bonus
deals.
And
it
doesn’t
stop
there,
with
Department
and
Discovery
Attorneys
eligible
for
a
$6,000
special
bonus.
Beyond
the
lawyers,
Goodwin
is
paying
bonuses
to
the
Global
Operations
Team
at
all
levels
—
from
secretaries
and
assistants
to
directors
and
chiefs.
These
bonuses
are
individualized,
but
the
team
knows
something
is
appearing
in
their
stockings.
A
good
day
at
Goodwin.
Please
help
us
help
you
when
it
comes
to
salary
news
at
other
firms.
As
soon
as
your
firm’s
memo
comes
out,
please email
it
to
us (subject
line:
“[Firm
Name]
Salary”)
or
text
us
(646-820-8477).
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.
Joe
Patrice is
a
senior
editor
at
Above
the
Law
and
co-host
of
Thinking
Like
A
Lawyer.
Feel
free
to email
any
tips,
questions,
or
comments.
Follow
him
on Twitter or
Bluesky
if
you’re
interested
in
law,
politics,
and
a
healthy
dose
of
college
sports
news.
Joe
also
serves
as
a
Managing
Director
at
RPN
Executive
Search.