Prime 10 Biglaw Agency Spreads Even Extra Love For Associates With Particular Bonuses

Money WreathOne other day, one other Biglaw agency that’s taking a cue from Davis Polk and rising the scale of its bonus pool.

Final week, Hogan Lovells — a agency that introduced residence $2,308,401,000 in gross income final 12 months, placing it in ninth place on the latest Am Regulation 100 rating — introduced its Cravath match in direction of the top of final week. Since then, the prevailing market commonplace for bonuses has modified, and now contains one-time particular bonuses. By no means worry, as a result of this elite Biglaw agency gained’t be letting its associates down. Right here’s what the particular bonus match seems to be like at Hogan Lovells:

 

Particular Bonus

 

2020 $4,000
2019 $6,000
2018 $11,500
2017 $15,000
2016 $18,000
2015 $21,000
2014

(and above)

$23,000

Per Richard C. Lorenzo, the agency’s regional managing companion for the Americas, to be eligible for these particular bonuses, associates should meet a minimal of 1850 billable hours (together with firm-approved issues which might be billable, akin to first-year integration hours and sure forms of professional bono issues), in addition to as much as 150 different professional bono hours and 50 variety & inclusion hours.

Congratulations to everybody at Hogan Lovells!

(Flip to the subsequent web page to learn the complete memo from Hogan Lovells.)

Keep in mind everybody, we rely in your tricks to keep on prime of essential bonus updates, so when your agency matches, please textual content us (646-820-8477) or e mail us (topic line: “[Firm Name] Matches”). Please embrace 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.

And should you’d like to join ATL’s Bonus Alerts (which is the alert checklist we additionally use for wage bulletins), please scroll down and enter your e mail tackle within the field under this submit. In case 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 your whole assist!


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to e mail her with any suggestions, questions, feedback, or critiques. You’ll be able to comply with her on Twitter or join together with her on LinkedIn.


Enter your e mail tackle to join ATL’s Bonus & Wage Improve Alerts.



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Written by colin

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The morning learn for Friday, Dec. 10

Prime 20 Agency Enters The 2021 Biglaw Bonus Fray