Biglaw Firm Exceeds Associates' Bonus Expectations
It's always nice to get a little extra for a job well done!
The end of the years is steadily marching forward and a number of Biglaw firms have yet to tell their associates what to expect in their stockings. But associates at Hogan Lovells have to wonder no more.
According to sources HoLove already informed associates they’d be matching the scale set by Cravath at the start of bonus season, but there would be discretionary bonuses above the market rate for those that performed particularly well in 2017. Folks are reporting HoLove was pretty generous with that discretionary fund. In fact, tipsters say it isn’t even hours based (but assuming you hit the 2,000 hour minimum), and associates there are quite happy with the results:
[I received] little bit above market. No clear reason why, though the firm does have a (by application) system to award additional discretionary bonuses, for which I did NOT apply. I’m very pleasantly surprised and happy.
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It’s always nice to get a little extra for a job well done!
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Kathryn Rubino is an editor at Above the Law. 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).
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