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Biglaw Firm Spreads A Little Love – By That We Mean Money – This Bonus Season – Above the Law

Woohoo!
Biglaw
bonus
season
is
really
picking
up!

The
latest
firm
to
announce
their
year-end
bonus
scale
is
Hogan
Lovells,
a
firm
that
took
in
$2,308,401,000
in
gross
revenue
last
year,
making
it
9th
on
the
Am
Law
100.
As
is
becoming
increasingly
common,
the
firm
is
matching
the
enhanced
bonus
structure
revealed
by
Cravath
last
week.
The
bonuses
will
range
from
$20,000
to
$115,000,
depending
on
seniority.

The
year-end
bonuses

which,
again
are
on
top
of

previously
announced

special
bonuses

will
be
given
out
on
the
following
schedule:

2014
(and
senior)
$115,000
2015 $105,000
2016 $90,000
2017 $75,000
2018 $57,500
2019 $30,000
2020 $20,000

According
to
the
memo
circulated

the
full
memo
is

available
on
the
next
page


bonuses
will
be
paid
to
“all
eligible
associates
who
meet
our
quality,
firm
citizenship,
and
minimum
hours
expectations.”
Plus,
where
there
are “outstanding
contributions
significantly
in
excess
of
expectations”
bonuses
may
be
“adjusted
upward.”

That’s
certainly
one
way
to
show
the
love
to
hardworking
associates.

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!




Kathryn
Rubino
is
a
Senior
Editor
at
Above
the
Law,
host
of

The
Jabot
podcast
,
and
co-host
of

Thinking
Like
A
Lawyer
.
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).


Enter
your
email
address
to
sign
up
for
ATL’s

Bonus
&
Salary
Increase
Alerts
.