Some Biglaw companies are actually hitting it out of the park this week on the subject of their bonus applications, and one in all them is Sheppard Mullin.
Previous lately, the top-ranked Biglaw company — which introduced in $1,005,057,000 gross income in 2021 — introduced its year-end bonuses, handsomely rewarding friends who went above and past the decision of accountability when it got here to their billable hours.
Right here’s the bonus scale looks as if at Sheppard Mullin:
|2021-2022 Measuring Length Hours Bonuses|
As you’ll be able to see, Sheppard Mullin awards base year-end bonuses on the 2000-hour mark, and people who pass over on their billing will obtain much more bonus dollars. In particular, friends who report 2200 and 2400 hours will obtain 110% and 120% of the market-based bonus. Mates will obtain their bonus payouts in January.
Congratulations for your bonuses, friends!
(Turn to the following web page to look the total memo from Sheppard Mullin.)
Bear in mind everybody, we rely on your tricks to keep on height of essential bonus updates, so when your company proclaims or fits, please textual content us (646-820-8477) or e-mail us (topic line: “[Firm Name] Suits”). Please come with the memo if to be had. You’ll be able to take a photograph of the memo and ship it by way of textual content or e-mail when you don’t wish to ahead the unique PDF or Phrase record.
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Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e-mail her with any pointers, questions, feedback, or evaluations. You’ll be able to observe her on Twitter or attach together with her on LinkedIn.
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