Are you having worn out of constantly refreshing your inbox to see if your business has introduced bonuses nevertheless? For associates at companies that ended up early adopters of the Cravath bonus scale, it is much the similar as they wait around and speculate when they’ll see a match of Davis Polk’s special bonuses.
That appears to be what is taking place at Morrison & Foerster, which came in at No. 34 in the most latest Am Regulation 100 rating, with $1,165,000,000 gross earnings in past 12 months. The business announced its Cravath match way back again on December 3, and its bonus scale need to look awfully acquainted:
MoFo is as soon as once more featuring its consumer assistance awards to associates who went “above and beyond” when it arrived to serving the firm’s shoppers. These awards take the kind of about-market place bonuses for those with 2500 lawful service several hours or much more, calculated as a share of course-year bonuses. Previous 12 months, these bonus awards frequently ranged from 30% to 55% of course-12 months bonuses for people who billed a whole lot.
Congratulations to absolutely everyone at MoFo on their bonuses! With any luck , you will not have to hold out too substantially more time for a Davis Polk unique reward match.
(Flip to the next page to read the total memo from Morrison & Foerster.)
*** Thinking if the grass is greener on the in-household side? Click on in this article for a appear within the black box of company counsel pay out in our 2021 In-House Compensation Report. ***
Don’t forget everybody, we depend on your recommendations to remain on top rated of essential reward updates, so when your business matches, make sure you text us (646-820-8477) or email us (issue line: “[Firm Name] Matches”). Be sure to involve the memo if available. You can consider a picture of the memo and deliver it by using text or e-mail if you do not want to ahead the unique PDF or Phrase file.
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Staci Zaretsky is a senior editor at Earlier mentioned the Law, exactly where she’s worked given that 2011. She’d enjoy to hear from you, so be sure to experience no cost to e-mail her with any ideas, thoughts, reviews, or critiques. You can adhere to her on Twitter or link with her on LinkedIn.