Top 30 Biglaw Firm Wishes Associates A Happy Hump Day By Announcing Bonuses -- Plus Extra Cash For High Billers
A nice bonus treat for associates this morning.
It’s Wednesday. We’re so close to the weekend, and yet, so far. Ugh. What’s the best way to get associates over the hump and in the right frame of mind? This Biglaw firm knows.
Covington & Burling — a firm that brought in $1,501,130,000 gross revenue in 2021 — announced market bonuses bright and early this morning, which was sure to put a smile on many associates’ faces. Here’s what that bonus scale looks like:
- Class of 2022: $15,000 (pro-rated)
- Class of 2021: $20,000
- Class of 2020: $30,000
- Class of 2019: $57,500
- Class of 2018: $75,000
- Class of 2017: $90,000
- Class of 2016: $105,000
- Class of 2015+: $115,000
The firm’s management committee also announced that the bonus scale would be increased by 10% for associates whose hours exceed the 2200 mark, and by another 10% for associates whose hours exceed the 2400 mark. That’s a very nice bonus haul for hardworking associates.
Those who are bonus-eligible will receive their cash by the end of January 2023. Congratulations on your bonuses, Covington associates!
(Flip to the next page to see the full memo from Covington & Burling.)
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm announces or 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.
