After months of hypothesis amid an unsure economic system, it seems to be prefer it’s going to be a scorching bonus summer season in any case! First got here boutique agency Vartabedian Hester & Haynes, adopted by midsize agency Otterbourg, and final however actually not least, Milbank. We questioned if every other corporations would step as much as match (or beat) the Biglaw agency, and the reply is a convincing sure.
Distinguished California boutique agency Hueston Hennigan has introduced that it will likely be awarding associates with summer season bonuses starting from $10,000 to $30,000, no matter class 12 months. Which means that associates on the agency are eligible to obtain bonuses that high any of the opposite summer season bonus scales which have been introduced.
Attorneys on the agency should be on monitor to invoice at the least 2,000 hours to be eligible to obtain a bonus, and like at most corporations, extra hours equals extra money. For instance, these on monitor for two,400 hours will obtain a $20,000 bonus, whereas these on monitor to hit 2,700 hours will obtain a $30,000 bonus.
Hueston Hennigan is the primary main agency we all know of to have introduced summer season bonuses in Milbank’s wake. What does this imply for the remainder of the Biglaw and boutique corporations which can be all the time so desperate to match the compensation supplied by market leaders? Ought to we expect one other spherical of bonus bulletins someday quickly? All we all know is that it’s time for associates to cross their fingers and hope for a particular summer season shock within the type of chilly, laborious money.
Congratulations to everybody at Hueston Hennigan!
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Staci Zaretsky is the managing editor of Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to email her with any suggestions, questions, feedback, or critiques. You may observe her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
