Legal Law

Biglaw Firm is giving out raises – for some employees

Employee compensation is once again a hot topic in Biglaw. Special bonuses have found their way through the Biglaw elite and we’re just waiting to see how much of the rest of the pack will match. One company that doesn’t give out special bonuses is McGuireWoods – but they’ve managed to keep (at least some) employees happy.

According to emails (fully available on the next page) sent by company management, they will be moved to a single employee compensation grid in all offices. This means that employees in smaller markets receive a raise, everyone else not so much.

As a tipster for the company notes:

McGuireWoods is not making any special bonuses for 2021. Instead, they go into full lockstep, “a single pay scale for all employees in all US offices”. Great day for employees in small market towns … nothing new to the rest of the employees …

The company’s new scale is as follows:

It is also noteworthy that the company is increasing its productivity bonus pool. Employees who bill for 2050 are eligible for up to double the bonus, and the amounts increase for all productivity categories.

Please help us to help you when it comes to bonus or news reports from other companies. As soon as your company’s bonus memo is published, please send it to us by email (subject: “[Firm Name] Raises ”) or write to us (646-820-8477). Please attach 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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Kathryn Rubino is Senior Editor at Above the Law and host of The Jabot podcast. AtL tipsters are the best so please connect with her. Feel free to email her tips, questions, or comments and follow her on Twitter (@ Kathryn1).

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