Biglaw Firm Give Associates Special Bonus
“The latest firm to announce bonuses is Katten Muchin, a firm that brought in $669,709,000 gross revenue in 2019, placing it at #63 in the most recent Am Law 100 ranking. The firm has of course matched the Davis Polk special bonus scale …”, posts Staci Zaretsky in Above the Law’s Biglaw.
“Although the firm’s standard billable requirement for bonuses is 2000 hours, Katten is only requiring 1900 hours annualized (including pro bono, firm citizenship, and firm legal work) for these special bonuses. The May payment is based on four months of work, and the September payment is based on eight months of work. The firm is offering two catch-up payment periods in August and December so that everyone will have the opportunity to reap these rewards.”