Earlier
today,
Pillsbury
Winthrop
announced
year-end
bonuses.
But
not
everyone
is
happy
about
it.
Tipsters
at
the
firm
say
they
feel
stiffed
out
of
the
special
bonuses
making
their
way
through
the
market
on
top
of
the
standard
year-end
bonuses.
The
situation
at
Pillsbury
is
unique
in
that
associates
can
actually
make
or
even
exceed
the
market
bonuses
—
if
they
bill
a
bunch.
But
the
firm
has
always
had
“super
bonuses”
for
high
billers….
so
even
though
the
firm’s
announcement
puts
a
nice
spin
on
it:
Our
existing
market
based
bonus
and
above
market
Super
Bonus
programs
also
remain
in
effect,
except
that
for
Super
Bonus
1
we
are
increasing
the
additional
bonus
amount
for
those
in
the
5th year
Associate
through
Counsel
classes
from
$20,000
to
$25,000, so
that
those
meeting
the
Super
Bonus
1
requirements
will
receive
total
bonuses
equaling
or
exceeding
the
“special”
bonuses
recently
announced
by
other
firms.
Insiders
have
a
different
take,
with
some
saying,
“Pillsbury
gives
special
bonus
—
but
only
if
you’re
hitting
2200+
and
in
certain
class
years;
so
effectively
not
special
at
all
because
this
is
already
the
default
policy”
and
“fwiw,
people
here
are
pretty
furious
about
it,
as
you
can
imagine.”
The
bonus
schedule
at
the
firm
is
as
follows:
|
Class |
2024 Base Bonus 1700 Client 2000 Creditable |
2024 Super 1 Bonus 1900 Client 2200 Creditable |
2024 Super 2 Bonus 2100 Client 2400 Creditable |
|
Fall Hires |
$15,000 | $20,000 | $30,000 |
|
1st Year Associate |
$20,000 | $20,000 | $30,000 |
|
2nd Year Associate |
$30,000 | $20,000 | $30,000 |
|
3rd Year Associate |
$57,500 | $20,000 | $30,000 |
|
4th Year Associate |
$75,000 | $20,000 | $30,000 |
|
5th Year Associate |
$90,000 | $25,000 | $30,000 |
|
Senior Associate 1 |
$105,000 | $25,000 | $30,000 |
|
Senior Associate 2 |
$115,000 | $25,000 | $30,000 |
| Counsel | $115,000 | $25,000 | $30,000 |
You
can
read
the
full
memo
on
the
next
page.
Remember
everyone,
we
depend
on
your
tips
to
stay
on
top
of
compensation
updates,
so
when
your
firm
announces
or
matches,
please
text
us
(646-820-8477)
or email
us (subject
line:
“[Firm
Name]
Bonus/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
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].
Dear
Associates
and
Counsel,
I
am
pleased
to
confirm
that
Pillsbury
will
continue
to
pay
market
level
salaries
to
our
on
track
associates
and
counsel
in
good
standing,
reflecting
the
following
US
salary
scale
for
the
coming
year:
|
Class |
2025 Salary |
|
1st Year Associate |
$225,000 |
|
2nd Year Associate |
$235,000 |
|
3rd Year Associate |
$260,000 |
|
4th Year Associate |
$310,000 |
|
5th Year Associate |
$365,000 |
|
Senior Associate 1 |
$390,000 |
|
Senior Associate 2 |
$420,000 |
| Counsel | $435,000 |
Our
existing
market
based
bonus
and
above
market
Super
Bonus
programs
also
remain
in
effect,
except
that
for
Super
Bonus
1
we
are
increasing
the
additional
bonus
amount
for
those
in
the
5th year
Associate
through
Counsel
classes
from
$20,000
to
$25,000, so
that
those
meeting
the
Super
Bonus
1
requirements
will
receive
total
bonuses
equaling
or
exceeding
the
“special”
bonuses
recently
announced
by
other
firms.
Here
are
the
updated
bonus
amounts:
|
Class |
2024 Base Bonus 1700 Client 2000 Creditable |
2024 Super 1 Bonus 1900 Client 2200 Creditable |
2024 Super 2 Bonus 2100 Client 2400 Creditable |
|
Fall Hires |
$15,000 | $20,000 | $30,000 |
|
1st Year Associate |
$20,000 | $20,000 | $30,000 |
|
2nd Year Associate |
$30,000 | $20,000 | $30,000 |
|
3rd Year Associate |
$57,500 | $20,000 | $30,000 |
|
4th Year Associate |
$75,000 | $20,000 | $30,000 |
|
5th Year Associate |
$90,000 | $25,000 | $30,000 |
|
Senior Associate 1 |
$105,000 | $25,000 | $30,000 |
|
Senior Associate 2 |
$115,000 | $25,000 | $30,000 |
| Counsel | $115,000 | $25,000 | $30,000 |
On
behalf
of
Pillsbury,
thank
you
for
your
continuing
dedication
to
our
clients
and
the
firm.
Have
a
great
holiday
season.
Dave
|
David T. Dekker | Firm Chair |
|
Pillsbury Winthrop Shaw Pittman LLP |
|
1200 Seventeenth Street NW | Washington, DC 20036-3006 |
|
[email protected] | website bio |
