Some Biglaw firms are really hitting it out of the park this week when it comes to their bonus packages, and one of them is Sheppard Mullin.
Earlier today, the top-ranked Biglaw firm — which brought in $1,005,057,000 gross revenue in 2021 — announced its year-end bonuses, handsomely rewarding associates who went above and beyond the call of duty when it came to their billable hours.
Here’s the bonus scale looks like at Sheppard Mullin:
|2021-2022 Measuring Period Hours Bonuses|
As you can see, Sheppard Mullin awards base year-end bonuses at the 2000-hour mark, and those who go over on their billing will receive even more bonus bucks. Specifically, associates who record 2200 and 2400 hours will receive 110% and 120% of the market-based bonus. Associates will receive their bonus payouts in January.
Congratulations on your bonuses, associates!
(Flip to the next page to see the full memo from Sheppard Mullin.)
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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 Twitter or connect with her on LinkedIn.