"Hold on to your timekeepers: Covington & Burling just officially joined the "yes, we'll match bonuses" club. It's been under a week since Cravath announced their year-end bonus scale (same one as last year, and the year before that, and...), and perhaps because the scale is so familiar, firms have been matching the standard fast and furiously. On Friday, Covington shared the good bonus news with associates, and yes, they are also matching the special bonuses that Milbank started over the summer."
"So, is your firm matching *both* the year-end and special bonuses? Let Above the Law know! We depend on your tips to stay on top of important bonus updates, so when your firm matches (or if they fail to do so), please text us (646-820-8477) or email us (subject line: "[Firm Name] Matches"). 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 (which is the alert list we also use for salary announcements), 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."
Covington & Burling announced that it will match the standard year-end bonus scale recently established by Cravath and will also match the special bonuses initiated by Milbank over the summer. The firm communicated the bonus plan to associates and provided a full bonus scale. Readers are asked to report whether their firms match both year-end and special bonuses by texting 646-820-8477 or emailing with subject line "[Firm Name] Matches", and to include any memos or photos of memos. Interested parties can sign up for ATL's Bonus Alerts to receive timely email notifications of bonus announcements.
Read at Above the Law
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