It’s Wednesday. We’re so as regards to the weekend, and but, up to now. Ugh. What’s one of the best ways to get friends over the hump and in the suitable state of mind? This Biglaw company is aware of.
Covington & Burling — a company that introduced in $1,501,130,000 gross income in 2021 — introduced marketplace bonuses shiny and early this morning, which was once certain to place a grin on many friends’ faces. Right here’s what that bonus scale seems like:
- Magnificence of 2022: $15,000 (pro-rated)
- Magnificence of 2021: $20,000
- Magnificence of 2020: $30,000
- Magnificence of 2019: $57,500
- Magnificence of 2018: $75,000
- Magnificence of 2017: $90,000
- Magnificence of 2016: $105,000
- Magnificence of 2015+: $115,000
The company’s control committee additionally introduced that the bonus scale could be larger by means of 10% for friends whose hours exceed the 2200 mark, and by means of some other 10% for friends whose hours exceed the 2400 mark. That’s a really nice bonus haul for hardworking friends.
Those that are bonus-eligible will obtain their money by means of the top of January 2023. Congratulations to your bonuses, Covington friends!
(Turn to the following web page to peer the total memo from Covington & Burling.)
Have in mind everybody, we rely on your tricks to keep on most sensible of essential bonus updates, so when your company proclaims or fits, please textual content us (646-820-8477) or e-mail us (matter line: “[Firm Name] Fits”). 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 in the event you don’t need to ahead the unique PDF or Phrase report.
And in the event you’d like to enroll in ATL’s Bonus Signals (which is the alert listing we additionally use for wage bulletins), please scroll down and input your e-mail deal with within the field under this publish. If you happen to in the past signed up for the bonus indicators, you don’t want to do anything else. You’ll obtain an e-mail notification inside of mins of every bonus announcement that we put up. Thank you on your lend a hand!
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 at liberty to e-mail her with any guidelines, questions, feedback, or evaluations. You’ll be able to apply her on Twitter or attach together with her on LinkedIn.
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