Top 50 Biglaw Firm Rolls Out Generous Bonuses, And Eligibility Includes Time Billed For ‘Unplugging’

time money cash billable hour bonusIt’s officially bonus o’clock at yet another Biglaw firm. One by one, members of the Am Law 100 have made their own bonus announcements, matching the prevailing market bonus scale (and sometimes beating it for associates whose performance in 2021 was extraordinary in terms of billable hours and/or client service).

The latest firm to share the wealth with associates and counsel through its year-end bonus program is Orrick Herrington & Sutcliffe. The firm brought in $1,152,850,000 gross revenue in 2020, putting it in 35th place in the most recent Am Law 100 ranking. Orrick’s bonus schedule should look quite familiar if you’ve been following Above the Law this bonus season.

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Orrick Bonus Scale 2021

That’s a Cravath/Davis Polk match, and according to Orrick’s memo, its hardest working associates and counsel will be eligible for additional bonus amounts. The firm has also committed to pay special bonuses to its career associates and analytics project attorneys.

The firm’s 1950 hours baseline for bonus eligibility includes up to 100 hours of a combination of training, DEI, business development, innovation, and other forms of firm and self-investment; pro bono hours; as well as up to 40 hours of time devoted to unplugging (i.e., time for attorneys to take care of themselves and their families and to invest in their own mental health and wellness). As noted in the firm’s memo, Orrick calls its “Unplug on Us” program “an important reflection of what we collectively value.”

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Congratulations to everyone at Orrick on their year-end and special bonuses!

(Flip to the next page to read the full memo from Orrick.)

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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.

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Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

Sponsored money-g41bbb4b31_1280 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 GO-8102-Empowering-Professional-Development_766-4 cropped Sponsored PD Appreciation Month: DEI Takes Center Stage With law firms and other organizations increasingly focused on Diversity, Equity, and Inclusion (DEI), PLI has developed a series of timely, relevant programs for the Professional Development community. From Practising Law Institute 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, Orrick, Orrick Herrington & Sutcliffe


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Originally posted on: https://abovethelaw.com/2021/12/orrick-bonus-2021/