Unlike In The Past, This Firm Won’t Help If You Were Hoping For More Bonus Money

Biglaw associates, have been you hoping that one other agency would swoop in and provide extra bonus cash, forcing different companies which have already matched to up the ante?

Sorry, however when you thought that Sullivan & Cromwell would rescue the market from the identical bonuses which were handed out yr after yr — and even perhaps provide spring bonuses like again within the day — your hopes have formally been dashed. After weeks of ready, SullCrom’s black bonus field has been smashed open, and the agency is matching normal market bonuses.

Primarily based on the deluge of suggestions we acquired, it seems to be like S&C has achieved precisely what the remainder of the Biglaw market has achieved, matching the bonus scale set by Milbank final month. For sure, associates on the agency are a bit miffed — there’s not even any further money being supplied for top billers. This appears to be consultant of the feedback we’ve acquired from associates on the agency:

We have been anticipating a match, however actually would have gone a protracted technique to give a bump for top billers. We’re mainly under market. I billed a loopy variety of hours in final 12 months and would simply qualify for further at different companies.

At the very least SullCrom is paying out its bonuses on December 18, so associates can have some good cheer deposited into their financial institution accounts earlier than the vacations.

When you nonetheless have one thing to say about your S&C bonus, be at liberty to pontificate by electronic mail, by textual content message (646-820-8477), or by tweet (@ATLblog). All complaints (or reward) can be stored nameless — and will discover its approach into an replace to this story.

Bear in mind everybody, we rely in your tricks to keep on high of essential bonus updates, so when your agency matches, please textual content us (646-820-8477) or electronic mail us (topic line: “[Firm Name] Matches”). Please embrace the memo if obtainable. You’ll be able to take a photograph of the memo and ship it by way of textual content or electronic mail when you don’t need to ahead the unique PDF or Phrase file.

And when you’d like to join ATL’s Bonus Alerts (which is the alert listing we additionally use for wage bulletins), please scroll down and enter your electronic mail deal with within the field under this put up. When you beforehand signed up for the bonus alerts, you don’t have to do something. You’ll obtain an electronic mail notification inside minutes of every bonus announcement that we publish. Thanks for your whole assist!

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 electronic mail her with any suggestions, questions, feedback, or critiques. You’ll be able to observe her on Twitter or join along with her on LinkedIn.