Top Biglaw Firm Gives Out Delayed Special Bonuses
Associates will have to wait for the big bucks.
Is a spring bonus still special if associates have to wait until the fall to see any money?
That’s the query for associates at Hunton Andrews Kurth who received word that their firm will be matching the market standard for Biglaw special bonuses. It’s certainly good news for those associates, but there’s a catch.
Check out the bonus schedule below:
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Hmmm, those payments are a good deal later than at peer firms. As a reminder, most Biglaw firms are doing payments in the spring/summer then the second one in fall/winter. But at Hunton, associates’ first payment more directly lines up with the second payments at most firms. However, they are not the only firm to push the payments into 2022.
A sympathetic tipster noted the firm’s fiscal calendar is to blame for the delay:
Same numbers as everyone else, but paid on a different timeline bc of our April-March fiscal year.
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And I’m sure it doesn’t hurt that associates will have to stick at the firm through April of 2022 to get their full payment.
The firm noted that, to be eligible for the bonuses, associates must be in good standing and billing 1900 hours annualized. These will be in addition to any year-end bonuses. You can read the firm’s full memo on the next page.
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. 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).
