"There's good news for the associates working at Hogan Lovells - you're in for a lot of money! Hogan Lovells, a firm that brought in $2,964,460,000 gross revenue in 2024, is sharing the wealth this holiday season by matching the Cravath scale. For those with photographic memories, the payouts look very similiar to last year's bonus scale. To everyone else who happens to be normal, the scale is below:"
"Looks like HoLove learned the lesson this year and matched their competitors' special bonuses. Last year, they weren't as generous with the holiday cheer and the associates were pissed! The associates can rest easy now. Unless, of course, Milbank decides to drop a more generous bonus package and upend the scale. Don't give it too much thought, though. Firms raking in billions of dollars can match whatever the new market rate tops out at if they want to."
"We like hearing about bonuses almost as much as you enjoy spending them. As soon as your firm's 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."
Hogan Lovells will match the Cravath associate bonus scale and will pay associates market-rate holiday bonuses similar to the previous year's payouts. The firm reported $2,964,460,000 in gross revenue for 2024. Associates who were upset by smaller bonuses last year will receive the matched payouts this season. The bonus scale could shift if Milbank or another firm announces a more generous package, but large firms can typically match new market highs. Bonus payments will appear in associates' final 2025 paycheck. Staff request that firm memos be emailed or texted (subject line: "[Firm Name] Bonus") and allow photo submissions.
Read at Above the Law
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