Two Companies Opened Up The Bonus Coffers Proper Earlier than The Vacation

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hundreds money bonusesAfter most of us took a break to start the vacation festivities, we acquired information of some extra bonuses on the market. And it turns on the market’s some connective tissue among the many companies we heard from. We’ve already talked about AZA — the Texas-based boutique issuing its bonuses. However we’ve additionally heard from Haynes and Boone and Locke Lord about their matches.

Each companies deal with bonuses individually, nevertheless it feels like each staked their declare to play with the remainder of Biglaw:

First, Haynes and Boone, which opts for a black-box construction:

Blackbox bonus construction, however looks like it was full match throughout the board. Full market bonus and particular bonus. No bonus for billing above the 2000 hour threshold, which many discover disappointing. Typically, associates appear blissful that HB continues to match the usual market and particular bonus quantities – however irritating that issues aren’t all the time clear on this “black field” mannequin.

We couldn’t agree extra in relation to transparency.

Locke Lord could ship out a memo finally, however for now they’re dealing with through telephone. The agency supplied much more money, catching up on Fall bonuses:

Some associates acquired the decision in the present day about bonuses and they’re ecstatic to say the least. Included within the bonuses are a fall bonus, Covid bonus, and our common bonuses. We didn’t know a fall bonus was coming. Many mid ranges associates within the mid six figures. I acquired 30% more cash than I used to be anticipating if that offers you an thought. I’m very, very blissful. Locke lord has all the time been an excellent place to work however that is above and past.

That is all nice information for associates throughout the nation at these Lone Star-based companies.

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

Bear in mind everybody, we rely in your tricks to keep on high of these things. 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 accessible. You’ll be able to take a photograph of the memo and ship it through textual content or e mail should you don’t need to ahead the unique PDF or Phrase file.

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