As days go by, more and more Biglaw firms are getting in on the special bonus action, and now a UK-based firm has decided to make money magically appear in its associates’ bank accounts. That’s right, a member of the Magic Circle is now handing out special bonus bucks to its associates, but which firm could it be?
Abracadabra! It’s Freshfields! Yesterday, the firm matched the generous Davis Polk scale, and issuing payments in April and October. Check out what it looks like at the firm, below (full memo available on the next page):
Counsel are included in these bonuses, but exact amounts will be communicated individually. As another plus, it doesn’t seem like there are any billable-hour thresholds attached to these bonuses. Congratulations!
P.S. Now that one Magic Circle firm has entered the special bonus fray, will others — like Allen & Overy, Clifford Chance, and Linklaters — opt to join in all the fun? We’re specifically looking at you, Clifford Chance.
(Flip to the next page to see the full memo from Freshfields.)
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!
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 Twitter or connect with her on LinkedIn.
