Some well-known Biglaw companies are known for their high bills to provide bonuses that exceed the market. Year after year, they have proved that they are willing to pay the most dedicated legal talent by adding tens of thousands of dollars to bonus spending.
One of these companies is Quinn Emanuel.
The lawsuit powerhouse-ranked 25th in the most recent US Law 100 rankings, with revenues of $1.25 billion in 2019-has just announced its special bonus matrix, despite the fact that they compete with the generous Davis Polk The scale matches, but there are still some good returns. Based on data from the past 12 months on March 31 and September 30, storage for large bills. This is the company’s bonus scale:
Employees who billed for 1900 hours will receive a bonus equal to half of the market price; those who billed for 2000 hours will receive a bonus equal to 3/4 of the market price; those who billed for 2100 hours will receive a market bonus; billed for 2200 hours or Those above will receive a bonus equal to 125% of the market bonus. Large billing companies began to earn more cash in 2400 hours. Depending on the school year, people who billed for 2200 hours or more will get $3,000 to $16,000 more than the market.
This is Quinn’s second special bonus this year. This is the second special bonus besides the company’s recently paid affiliate profit sharing bonus. By 2020, these bonuses will average about $38,000.
Congratulations to everyone at Queen Emanuel, this cold and hard cash!
(Flip to Next page Please see Quinn Emanuel’s full memo. )
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Staci Zaretsky She is the senior editor of “Above the Law” and she has been working since 2011.She would love to hear from you, so please feel free e-mail Any tips, questions, comments or comments from her.You can follow her Twitter Or keep in touch with her LinkedIn.