Yet Another Boutique Firm Matches Market For Biglaw Bonuses
Ho, ho, ho! Hope everyone who celebrates had a Merry Christmas. Last week, just before Christmas Eve, one successful boutique law firm made sure that associates would have a very happy holiday indeed by paying out a Biglaw bonus match. Which firm could it be?
Say hello to the Houston litigation boutique of Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing P.C. — more commonly known as “AZA,” for obvious reasons. Here’s what the firm’s recently released 2021 bonus scale looks like:
Sponsored Managing Your Contingency Fee Law Firm: What They Didn’t Teach You In Law School Successful contingency fee law firms view their business functions wholistically. From Esquire LawyerDid we say “bonus match”? We suppose it is, at least in theory. As it turns out, AZA’s Davis Polk-inspired special bonus is only a match for the firm’s biggest billers. As noted in the firm’s bonus memo (available on the next page):
This year we included a one-time special bonus for associates who billed over 2,400 hours. We chose 2,400 hours as the threshold because it rewards associates who worked beyond the minimum requirements for a bonus.
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(Flip to the next page to read the full memo from Ahmad Zavitsanos Anaipakos Alavi & Mensing.)
Sponsored Five Bold Strategies To Grow Your Contingency Fee Law Firm Post-Pandemic Discover where smart money firms are investing their energy and their resources to boldly achieve post-pandemic success. From Above the Law*** 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. ***
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 your help!
Staci 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.
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Originally posted on: https://abovethelaw.com/2021/12/aza-bonus-2021/