Top 10 Biglaw Firm Shows Associates How Much They Love 'Em!
Hardworking associates getting rewarded.
The bonus news is coming in fast and furious today! And that’s great news for associates who’ve been biting their nails as the bonus season started slower than expected this year.
But now that’s all in the past! The latest firm to delight associates with eye-popping bonuses is Hogan Lovells. The firm, ranked number 9 on the Am Law 100 with $2,605,973,000 in revenue last year, is matching the prevailing market rate on year-end bonuses. That means the bonuses will range from $20,000 to $115,000, depending on seniority.
The firms bonus scale:
| 2015 (and senior) | $115,000 |
| 2016 | $105,000 |
| 2017 | $90,000 |
| 2018 | $75,000 |
| 2019 | $57,500 |
| 2020 | $30,000 |
| 2021 | $20,000 |
Bonuses are subject to the firm’s minimum hours requirement, and will be paid out on December 30th. And the extra good news? Those who put in a bunch of hours this year will get a little something extra in their stocking, er… paycheck. As the firm writes, “Additional bonuses will be paid to those eligible associates who exceed their minimum hours expectations, in accordance with the firm’s associate bonus schedule.”
You can read the full memo on the next page.
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.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!
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).
