The more days that tick by, the less likely that any more Biglaw firms will offer their associates fall special bo?. nuses, in recognition of their hard work during the pandemic. It’s nearly November, after all, and lots of firms would rather continue with their normal bonus schedule, even if they intend to eventually give special bonuses. In that way Cravath’s wait-and-see approach has become a model for large swaths of Biglaw.
That certainly seems to be the case at Gibson Dunn. The super successful firm — ranked 11 on the latest Am Law ranking with $2,008,334,000 in gross revenue — will hold off until year end, “after completion of our normal associate/of counsel review process,” according to tipsters. The good news is that the firm seems to be signaling there will, in fact, be special COVID appreciation bonuses (an insider says the firm has referenced “both standard and special” bonuses) and “the firm is and remains fully committed to providing competitive compensation.” And those year-end bonuses will be paid no later than December 22nd, just in time to do a little last minute holiday shopping.
So, Gibson attorneys, how do you feel about the bonuses? Feel free to sound off by email, by text message (646-820-8477), or by tweet (@ATLblog). A fun or insightful response — we’ll keep you anonymous — could find its way into an update to this story.
Please help us help you when it comes to bonus news at other firms. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) or text us (646-820-8477). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
And if you’d like to sign up for ATL’s Bonus Alerts, please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish.
Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
Credit: Source link