Need break from the horrible details being revealed from the attempted coup and think Impeachment 2: Electric Boogaloo promises to be more of the same partisanship that characterized the first installment of the franchise? Well, then maybe some good, old fashioned bonus news will provide the perfect distraction.
Morrison & Foerster went ahead and announced their bonuses yesterday. Unsurprisingly, the firm’s year-end bonuses match the prevailing market rate, and are subject to the firm’s usual hours requirement. They’re also handing out special bonuses, which do not come with an hours requirement. These special bonuses are above market — at least for first-year associates (first-years will get bonuses of $10,000 compared with $7,500) — and will match the market for other class years. Here are the bonus scales at the firm:
|Class of 2020||$15,000 (prorated)|
|Class of 2019||$15,000|
|Class of 2018||$25,000|
|Class of 2017||$50,000|
|Class of 2016||$65,000|
|Class of 2015||$80,000|
|Class of 2014||$90,000|
|Class of 2013 (including prior years)||$100,000|
The firm is also offering extra money for super high billers — those who racked up 2,500+ hours — according to the following schedule:
|Legal Service Hours||Additional % of Class Year Bonus|
Bonuses will be paid on February 12th. You can read the full memo on the next page.
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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).
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