Final 12 months, Goodwin introduced its bonus construction in early January. Not that there’s something essentially unsuitable about that — many corporations don’t pay out their bonuses till the brand new 12 months, so there’s nothing magic about listening to about it till January. However, like Clark Griswold and his pool, you simply need to know what you’re getting earlier than shelling out for the vacations, you already know?
Effectively, this 12 months, the agency isn’t leaving its crew in suspense. The Prime 20 Am Legislation agency, sitting on virtually $2.5B in income, put out its bonus announcement and it’s not simply associates getting the excellent news.
The associates are getting the market commonplace mixture of annual bonus and belated Milbank summer time bonus match (pending the affiliate assembly the requisite efficiency benchmarks, in fact).
Bonuses will present up within the January 30 checks. Bonus memos saying the identical chart additionally went out to the London & Cambridge, Luxembourg, Singapore, and Hong Kong associates.
However the information doesn’t finish with the associates. As an trade, counsel constantly get left at the hours of darkness round bonus time. The perils of being off-grid. Goodwin is providing extra transparency to the counsel cohort, informing them that they are going to be eligible for a $25,000 particular bonus atop their individualized bonus offers. And it doesn’t cease there, with Division and Discovery Attorneys eligible for a $6,000 particular bonus.
Past the legal professionals, Goodwin is paying bonuses to the International Operations Crew in any respect ranges — from secretaries and assistants to administrators and chiefs. These bonuses are individualized, however the crew is aware of one thing is showing of their stockings.
A very good day at Goodwin.
Please assist us enable you to on the subject of wage information at different corporations. As quickly as your agency’s memo comes out, please e mail it to us (topic line: “[Firm Name] Wage”) or textual content us (646-820-8477). 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 in case you don’t need to ahead the unique PDF or Phrase file.
Joe Patrice is a senior editor at Above the Legislation and co-host of Considering Like A Lawyer. Be at liberty to e mail any ideas, questions, or feedback. Observe him on Twitter or Bluesky in case you’re desirous about regulation, politics, and a wholesome dose of faculty sports activities information. Joe additionally serves as a Managing Director at RPN Government Search.
