This Time, The Piper Follows The Bonus Pack
Err... the piper follows the bonuses? Whatever.
Do you know what “pied” means in the context of Pied Piper? Honestly, it never crossed my mind until now. Apparently it means being multi-colored decoration “especially black and white.” Huh. No kidding.
Anyway, DLA stands for “Dibb Lupton Alsop,” and this is the specific Piper following the parade of bonuses this Friday afternoon.
DLA Piper is number 3 on the Am Law 100 with $3,471,437,000 in revenue in 2021 and the very, very big verein is joining the bonus consensus.
The payout is a little complex… but it’s good news for big performers:
Qualifying associates who are meeting the firm’s expectations, as detailed in the
Policy and rated at least a 3, will receive a market-level bonus. The firm will pay
additional bonuses to Associates who have met the criteria set forth in the Policy and who made even greater contributions to the firm’s success, based on billable hours and performance evaluations. Associates rated a 4 or 5 will receive a bonus increase for each additional rating.
Associates in good standing based on hours entered by December 16 receive 50 percent of the base market bonus noted above on December 30. The rest, including any above-market bonus, will be paid out on January 27, 2023. BUT, if the target is not met by December 16, but do reach it by December 31, will get everything on January 27.
Got all that?
Counsel and off grid folks will get individual notifications.
Congrats. Memo on 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.
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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
