Top 25 Am Law Firm Announces Special Bonuses — But There’s A Catch
“Earlier this fall, when elite firms were falling over themselves to match the Davis Polk special bonus scale, others were in no rush, instead simply committing to make sure that associates would be properly compensated in the future. That’s what Goodwin Procter did back in early October. Lo and behold, today, the morning after Cravath announced that it would fall in line to match those generous pandemic bonuses, Goodwin has announced that it will be handing out special bonuses on the DPW scale,” reports Staci Zaretsky in Above the Law’s Biglaw.
“But, there’s a catch. While the DPW special bonuses merely required associates to be in ‘good standing,’ Goodwin’s special bonuses are hours-based by class year.”