Top 25 Biglaw Firm Updates Bonus Policy
Paul Hastings, a firm whose 2019 gross revenue was over $1.2B announced its year-end bonuses, and special bonuses, back in December 2020, reports Staci Zaretsky in Above the Law’s Biglaw.
“At the time, those special bonuses were only available for ‘qualifying associates’, i.e., those who had billed enough. Associates were understandably very upset.”
The firm announced an update about its regular bonuses and special bonuses last week.
“Everyone who qualified for a regular bonus will now receive a special bonus, too. On top of that, supplemental bonuses are now on the table. Paul Hastings sure knows how to make its associates feel loved.”
