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|
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.
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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).