It’s becoming increasingly clear that the market has spoken on bonuses. That’s not particularly surprising given the skittishness surrounding the economy. No one wants to be left behind, but there’s not going to be a broad-based effort to overthrow this grid.
Now the devil is in the details. Who includes stub years? Super-seniors? Counsel? Payout dates? Billable minimums? This is where all the action is.
Weil Gotshal clocks in at 19th in the Am Law 100 and $1,856,219,000 in gross revenue. It’s going to include the new class and clarifies that counsel in their first three years are looped in with the class of 2015. Bonuses will be paid on January 31st.
The full memo is recreated on the next page.
Remember everyone, we depend on your tips to stay on top of this stuff. 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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