"The Top 20 Am Law firm, sitting on almost $2.5B in revenue, put out its bonus announcement and it's not just associates getting the good news. The associates are getting the market standard combination of annual bonus and belated Milbank summer bonus match (pending the associate meeting the requisite performance benchmarks, of course). Bonuses will show up in the January 30 checks. Bonus memos announcing the same chart also went out to the London & Cambridge, Luxembourg, Singapore, and Hong Kong associates."
"But the news doesn't end with the associates. As an industry, counsel consistently get left in the dark around bonus time. The perils of being off-grid. Goodwin is offering more transparency to the counsel cohort, informing them that they will be eligible for a $25,000 special bonus atop their individualized bonus deals. And it doesn't stop there, with Department and Discovery Attorneys eligible for a $6,000 special bonus."
"Beyond the lawyers, Goodwin is paying bonuses to the Global Operations Team at all levels - from secretaries and assistants to directors and chiefs. These bonuses are individualized, but the team knows something is appearing in their stockings. A good day at Goodwin."
Goodwin, a Top 20 Am Law firm with nearly $2.5 billion in revenue, confirmed its bonus payouts arriving January 30. Associates will receive the market-standard annual bonus plus a belated Milbank summer bonus match, contingent on performance benchmarks. Bonus memos went to associates in London & Cambridge, Luxembourg, Singapore, and Hong Kong. Counsel will be eligible for a $25,000 special bonus in addition to individualized bonus arrangements. Department and Discovery Attorneys qualify for a $6,000 special bonus. The Global Operations Team from secretaries and assistants to directors and chiefs will receive individualized bonuses.
Read at Above the Law
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