Bonuses Bring Holiday Cheer Courtesy Of Reindeer

Maybe not reindeer, but certainly courtesy of Vinson & ELKins.

Look, giving each of these announcements some kind of punny angle gets difficult, folks. There’s only so many ways to say a firm stepped up and matched the market-defining bonuses set out by Davis Polk, including a round of special bonuses on top of the base. Sure, you could pad out the article a little bit by noting that Vinson & Elkins ranks 59th in the most recent Am Law 100 and that it secured $782,352,000 in total revenue last year, but that won’t really get you more than a sentence.

googletag.cmd.push(function () { googletag.display("div-id-for-top-300x250"); });

It helps that the firm acknowledges that its past practice of awarding supplemental bonuses to particularly high earners will continue on top of the market-matching bonuses. A nice paragraph capped is available if a tipster generously offers some analysis, pointing out these supplemental bonuses historically work out to around 1.10x market for 2150 hours, 1.25x for 2300 hours and 1.35x for 2500+ hours.

Well, look at that! A fully formed bonus post. You’ve probably already forgiven the Elk joke.

googletag.cmd.push(function () { googletag.display("div-id-for-middle-300x250"); });

Or not. Fine, be that way. Full memo reproduced on the next page.

*** Wondering if the grass is greener on the in-house side? Click here for a look inside the black box of corporate counsel pay in our 2021 In-House Compensation Report. ***

Sponsored Sponsored Have A December CLE Deadline? Fulfill Your Credits With PLI Find and earn the exact credits you need – with thousands of hours of accredited content online, you’ll find programs that fit your schedule. Our compliance team handles application and reporting so you can get back to your practice. From Practising Law Institute Sponsored Sherman & Howard Is Seeking Corporate Associates In Denver From Sherman & Howard Sponsored How You Transform The Legal Department Into A Strategic Force This new eBook from our friends at Conga explores 3 concrete ways to help a corporate law department contribute to business goals. From Above The Law and Conga

Remember everyone, we depend on your tips to stay on top of this stuff. 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’ll 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.

googletag.cmd.push(function () { googletag.display("div-id-for-bottom-300x250"); });

Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

Sponsored Sponsored Trends in Professional Services Insights on Revenue Growth and Business Development New research conducted by Salesforce provides insights on revenue growth and business development. Download the free report here. From Above The Law and Salesforce Sponsored New Demographic Study Of Legal Operations Released This new report explores backgrounds of legal ops teams at 34 major corporations. From Above The Law and SimpleLegal 1 2Next » Enter your email address to sign up for ATL's Bonus & Salary Increase Alerts. hbspt.forms.create({ css: '', portalId: '470182', formId: '918f9998-ad56-4438-b7e2-7d3c4676b70e' }); #hs-form-918f9998-ad56-4438-b7e2-7d3c4676b70e { border: 1px solid #e2e2e2; border-width: 1px 0; margin: 15px auto; padding: 15px 0; } #shs-form-918f9998-ad56-4438-b7e2-7d3c4676b70e h2 { font-size: 24px; line-height: 28px; } #hs-form-918f9998-ad56-4438-b7e2-7d3c4676b70e > p { color: #666; font-family: sans-serif; font-size: 13px; margin: 0.625rem 0 1.25rem; } #shs-form-918f9998-ad56-4438-b7e2-7d3c4676b70e form { display: flex; flex-wrap: wrap; align-items: flex-start; } #shs-form-918f9998-ad56-4438-b7e2-7d3c4676b70e form .hs_email label { display: none; } #hs-form-918f9998-ad56-4438-b7e2-7d3c4676b70e .hbspt-form { background: none; padding: 0; } #hs-form-918f9998-ad56-4438-b7e2-7d3c4676b70e .hbspt-form div { display: inline-block; margin: 0; padding: 0; } #hs-form-918f9998-ad56-4438-b7e2-7d3c4676b70e input[type=submit].primary { background-color: #6288a5; background-image: none; cursor: pointer; padding: 8px 20px; font-size: 16px; line-height: 24px; vertical-align: middle; } #email-918f9998-ad56-4438-b7e2-7d3c4676b70e { border-radius: 0; font-size: 22px; margin-right: 8px; padding: 5px; vertical-align: middle; width: 300px; border: 1px solid #999999; background: white; box-shadow: inset 0 1px 1px rgba(0, 0, 0, 0.15); height: 50px; outline: none; font-family: "Proxima Nova", "proxima-nova", Helvetica, Arial, sans-serif; color: #666666; -moz-border-radius: 0; -o-border-radius: 0; -webkit-border-radius: 0; } Topics

Associate Bonus Watch 2021, Biglaw, Bonuses, Money, Vinson & Elkins