Biggie might need mentioned Mo Cash Mo Issues, however that adage doesn’t maintain up in Biglaw. It’s bonus season and large companies are busy showering associates with cash to point out them simply how a lot they’re appreciated.
At Magic Circle agency Allen & Overy, bonus time has formally arrived. The excellent news for associates — properly, at the least the associates at A&O’s New York, D.C., Los Angeles, Silicon Valley, and Sao Paulo workplaces — is that the bonus numbers are in, and it’s a match of the prevailing market price. Which, given the agency made $2,272,016,000 in gross income final yr, making it twelfth on the International 200 rating, isn’t a lot of a shock.
In case you’ve forgotten the dimensions, right here it’s in a helpful chart.
The total memo is on the market on the subsequent web page.
*** 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 prime of necessary 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’ll be able to take a photograph of the memo and ship it through textual content or e mail when you don’t need to ahead the unique PDF or Phrase file.
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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 one of the best, so please join together with her. Be at liberty to e mail her with any suggestions, questions, or feedback and comply with her on Twitter (@Kathryn1).
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