Historically,
Biglaw
firm
Hogan
Lovells
matches
the
prevailing
market
rate
when
it
comes
to
associate
compensation/bonuses.
And
that
makes
sense
—
the
firm
pulled
in
$2,682,000,000
in
gross
revenue
making
it
the
eleventh
richest
firm
in
the
country.
So,
they
seem
to
have
the
cash
to
share
with
the
hardworking
associates
that
make
the
firm
tick.
But
not
this
year.
Today
the
firm
announced
bonuses
and
no
one
there
is
happy.
That’s
because
the
memo
announcing
year-end
bonuses
for
associates
curiously
(especially
given
HoLove’s
spot
at
the
top
of
the
rankings)
leaves
off
the
special
bonuses
making
their
way
through
Biglaw.
And
associates
are
PISSED.
This
is
just
a
sampling
of
the
tipsters
Above
the
Law
heard
from
in
the
immediate
aftermath
of
the
announcement.
Hogan
Lovells.
Didn’t
match.
Associates
are
furious,
coming
off
of
a
record
year.
No
warning,
no
explanation.
Match
but
NO
special
bonuses
whatsoever.
Associates
are
not
happy
Hogan
Lovells
is
not
matching
associate
bonuses,
despite
branding
themselves
as
a
market
compensation
firm.
Associates
are
unsurprisingly
livid
and
dismayed.
Current
reason
(pretense…)
is
that
because
the
firm
offers
BD
bonuses,
“super”
bonuses
based
on
exceeding
billable
hour
requirements
and
other
discretionary
bonuses
(which
usually
max
out
at
$5k),
that
there’s
no
need
to
match
the
special
bonus
No
special
bonuses
at
Hogan
Lovells
and
associates
are
PISSED.
Just
a
few
days
ago
leadership
was
telling
groups
that
this
was
a
record
year
for
profits
(as
was
last
year).
All
of
Hogan’s
peers
matched
and
there’s
no
discernible
reason
for
stiffing
associates
who
meet
their
(already
high)
billable
targets.
Hogan
is
desperate
to
have
a
better
reputation
but
being
below
market
is
not
the
way
to
do
it.
(Submitted
anonymously).
Yeah,
not
a
great
day
to
be
a
HoLover.
Remember
everyone,
we
depend
on
your
tips
to
stay
on
top
of
important
bonus
updates,
so
when
your
firm
matches,
please
text
us
(646-820-8477)
or email
us (subject
line:
“[Firm
Name]
Matches”).
Please
include
the
memo
if
available.
You
can
take
a
photo
of
the
memo
and
send
it
via
text
or
email
if
you
don’t
want
to
forward
the
original
PDF
or
Word
file.
And
if
you’d
like
to
sign
up
for
ATL’s
Bonus
Alerts
(which
is
the
alert
list
we
also
use
for
salary
announcements),
please
scroll
down
and
enter
your
email
address
in
the
box
below
this
post.
If
you
previously
signed
up
for
the
bonus
alerts,
you
don’t
need
to
do
anything.
You’ll
receive
an
email
notification
within
minutes
of
each
bonus
announcement
that
we
publish.
Thanks
for
all
of
your
help!
Kathryn
Rubino
is
a
Senior
Editor
at
Above
the
Law,
host
of
The
Jabot
podcast,
and
co-host
of
Thinking
Like
A
Lawyer.
AtL
tipsters
are
the
best,
so
please
connect
with
her.
Feel
free
to
email
her
with
any
tips,
questions,
or
comments
and
follow
her
on
Twitter
@Kathryn1 or
Mastodon
@[email protected].
