January is rapidly rolling to a close, but that doesn’t mean the curtain has closed on Biglaw bonus season. Consistent with past practices, on Friday, WilmerHale announced their year-end bonuses.
The bonuses at the firm are tied to billable hours — 1,900 hours to get any year-end bonus and 2,000 to hit market bonuses. But, for those who had a particularly busy year, bonuses can be quite lucrative. As detailed in the chart below, associates could see up to $30,000 over market bonuses (memo available on the next page).
According to sources at the firm, 85 percent of attorneys received a bonus this year and 35 percent got above market bonuses for hitting 2,200+ hours.
But that’s not the end of bonus news at WilmerHale. Like so many Biglaw firms, they giving out special bonuses this year for associates’ hard work during the challenging year that was 2020. Full market special bonuses kick in at 1,900 hours, but everyone is eligible for some special bonus money.
And tipsters at the firm seem pleased with the firm’s bonuses:
People seem really enthused – the firm did really well this year and it was nice that there were no games about things. In the classic Wilmer way, things were very by-the-book, match-the-market–just after two additional months of waiting
As always, we depend on 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.
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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).