Woohoo! We’re around mid-April and the Biglaw Spring specials are still hot news.
Last week Boies, Schiller & Flexner announced their own special bonuses, matching the market bonus set by Davis Polk last month. The response from insiders has been pretty positive, as this tipster comment shows:
We are all very satisfied! Especially so soon after the COVID bonuses have been paid out!
The payment schedule is as follows:
2020 $ 4,500 $ 7,500 $ 12,000 2019 $ 6,000 $ 10,000 $ 16,000 2018 $ 12,000 $ 20,000 $ 32,000 2017 $ 16,500 $ 27,500 $ 44,000 2016 $ 19,500 $ 32,500 $ 52,000 2015 $ 22,200 $ 37,000 $ 59,200 2014+ $ 24,000 $ 40,000 $ 64,000
The company also made it clear that for employees who opt for market pay (remember, BSF employees can opt for market pay, or the company’s own emergency-style bonus structure) these bonuses are in addition to typical year-end bonuses.
The full company memo is on the next page.
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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).