Are you getting tired of constantly refreshing your inbox to see if your firm has announced bonuses yet? For associates at firms that were early adopters of the Cravath bonus scale, it’s much the same as they wait and wonder when they’ll see a match of Davis Polk’s special bonuses.
That seems to be what’s happening at Morrison & Foerster, which came in at No. 34 in the most recent Am Law 100 ranking, with $1,165,000,000 gross revenue in last year. The firm announced its Cravath match way back on December 3, and its bonus scale should look awfully familiar:
MoFo is once again offering its client service awards to associates who went “above and beyond” when it came to serving the firm’s clients. These awards take the form of over-market bonuses for those with 2500 legal service hours or more, calculated as a percentage of class-year bonuses. Last year, these bonus awards generally ranged from 30% to 55% of class-year bonuses for those who billed a lot.
Congratulations to everyone at MoFo on their bonuses! Hopefully you won’t have to wait too much longer for a Davis Polk special bonus match.
(Flip to the next page to read the full memo from Morrison & Foerster.)
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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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.