Biglaw
bonus
season
is
in
full
swing,
and
feels
like
everyone
is
getting
in
on
the
action.
The
latest
firm
to
announce
associate
bonuses
in
Covington
&
Burling.
The
D.C.-based
firm
with
10
offices
worldwide
made
$1,549,090,000
in
gross
revenue
last
year
—
financials
that
garnered
them
the
#28
spot
on
the
Am
Law
100.
As
expected,
the
firm
ponied
up
bonuses
that
match
the
prevailing
Milbank
scale.
The
bonuses
at
Covington
are
as
follows:
But
as
a
salty
associate
at
the
firm
noted:
Covington
“matched”
the
Milbank
special
bonus
but
the
special
bonus
is
contingent
on
meeting
the
regular
bonus
hours
benchmark
(so
they
didn’t
actually
match
what
the
market
is
doing)
Which,
fair
enough.
The
Milbank
gold
standard
has
no
hours
requirement
attached.
We
will
also
note,
however,
that
associates
that
have
high
billables
will
get
an
extra
bump:
a
10%
increase
at
the
2,200-
and
2,400-hour
thresholds.
You
can
read
the
full
memo
below.
Bonuses
at
the
firm
will
be
paid
in
January.
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].
