High Biglaw Agency Publicizes Bonuses, However Not Everybody Is Completely happy

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Rich Businessman Poor BusinesswomanWe’re formally within the thick of Biglaw bonus season, with companies speeding to indicate their appreciation to hardworking associates with some chilly, laborious money. Cash might not purchase happiness, nevertheless it positive will enable you to pay down your college students loans.

The most recent agency to announce their affiliate bonuses, of each the annual and particular selection, is Baker McKenzie. Within the grid beneath, you may see that not solely is Baker McKenzie matching the year-end and particular bonuses — for the category of 2020 and extra senior — however they’re additionally providing a 25 p.c premium on each if associates hit the 2300-hour threshold.

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Noticeably off this grid? The category of 2021. And consider you me, Above the Legislation has already began listening to from disgruntled stump-year associates questioning about their cash. Now, it’s true that these people spent greater than half the yr not working on the agency, what with graduating legislation faculty and taking the bar examination. However Baker McKenzie made $2,899,834,000 in gross income final yr, making it 4th on the Am Legislation 100. Definitely they have the funds for to go round. And in a decent lateral market, one wonders why Baker McKenzie would need any compensation daylight between themselves and the competitors.

You possibly can learn the total memo on the following web page.

*** Questioning if the grass is greener on the in-house aspect? Click on right here for a glance contained in the black field of company counsel pay in our 2021 In-Home Compensation Report. ***

Keep in mind everybody, we rely in your tricks to keep on high of vital bonus updates, so when your agency matches, please textual content us (646-820-8477) or e mail us (topic line: “[Firm Name] Matches”). Please embody the memo if out there. You possibly can take a photograph of the memo and ship it by way of textual content or e mail for those who don’t need to ahead the unique PDF or Phrase file.

And for those who’d like to join ATL’s Bonus Alerts (which is the alert listing we additionally use for wage bulletins), please scroll down and enter your e mail handle within the field beneath this publish. In the event you beforehand signed up for the bonus alerts, you don’t have to do something. You’ll obtain an e mail notification inside minutes of every bonus announcement that we publish. Thanks for all your assist!

Kathryn Rubino is a Senior Editor at Above the Legislation, host of The Jabot podcast, and co-host of Considering Like A Lawyer. AtL tipsters are the perfect, so please join together with her. Be at liberty to e mail her with any ideas, questions, or feedback and comply with her on Twitter (@Kathryn1).

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