
Jan 26
When Biglaw Firms Help Small Cogs In The Law Hierarchy
In the US, the Biglaw bonus season but it wasn't just lawyers who stood to gain from the bonuses that had to make 2020 a slightly less difficult year than it was for everyone, everywhere - ever.
So some firms have gone the distance to help their staff members who grease the wheels of the legal firms that generate the cash to make the train run smoothly.
AbofetheLaw reported that staff at law firm Sheppard Mullin were the latest to share in the benificence of their employers.
Last week, on the same day the firm offered special bonuses to associates, staff members were notified that they, too, would be receiving special bonuses. Here’s an excerpt from a memo sent by Ted Tinson, the firm’s chief operating officer:
At the end of the day, while a challenging year in so many ways, 2020 turned out to be a successful financial year for the firm. The Executive Committee, Partners, and I would like to thank you for all of your efforts. One way we do this each year is through our profit sharing bonus. In each of our last two years – also successful years – we have paid at 150% of our target bonus level. For 2020, the Executive Committee has approved a payment of 200% of our target profit sharing level. Each of you who are eligible will be receiving a bonus of two weeks’ salary. We will make that payment in the paycheck of February 5th.