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Associates Miffed Over Special Bonuses That Aren’t Very Special

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Photo of stunning lovely lady banker wear trendy clothes showing dollars jackpot casino empty space isolated on gray color backgroundEarlier today, Pillsbury Winthrop announced year-end bonuses. But not everyone is happy about it. Tipsters at the firm say they feel stiffed out of the special bonuses making their way through the market on top of the standard year-end bonuses.

The situation at Pillsbury is unique in that associates can actually make or even exceed the market bonuses — if they bill a bunch. But the firm has always had “super bonuses” for high billers…. so even though the firm’s announcement puts a nice spin on it:

Our existing market based bonus and above market Super Bonus programs also remain in effect, except that for Super Bonus 1 we are increasing the additional bonus amount for those in the 5th year Associate through Counsel classes from $20,000 to $25,000, so that those meeting the Super Bonus 1 requirements will receive total bonuses equaling or exceeding the “special” bonuses recently announced by other firms.

Insiders have a different take, with some saying, “Pillsbury gives special bonus — but only if you’re hitting 2200+ and in certain class years; so effectively not special at all because this is already the default policy” and “fwiw, people here are pretty furious about it, as you can imagine.”

The bonus schedule at the firm is as follows:

Class 2024
Base Bonus
1700 Client
2000 Creditable
2024
Super 1 Bonus
1900 Client
2200 Creditable
2024
Super 2 Bonus
2100 Client
2400 Creditable
Fall Hires $15,000 $20,000 $30,000
1st Year Associate $20,000 $20,000 $30,000
2nd Year Associate $30,000 $20,000 $30,000
3rd Year Associate $57,500 $20,000 $30,000
4th Year Associate $75,000 $20,000 $30,000
5th Year Associate $90,000 $25,000 $30,000
Senior Associate 1 $105,000 $25,000 $30,000
Senior Associate 2 $115,000 $25,000 $30,000
Counsel $115,000 $25,000 $30,000

You can read the full memo on the next page.

Remember everyone, we depend on your tips to stay on top of compensation updates, so when your firm announces or matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Bonus/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.

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Kathryn Rubino HeadshotKathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @[email protected].

Dear Associates and Counsel,

 

I am pleased to confirm that Pillsbury will continue to pay market level salaries to our on track associates and counsel in good standing, reflecting the following US salary scale for the coming year:

 

Class 2025
Salary
1st Year Associate $225,000
2nd Year Associate $235,000
3rd Year Associate $260,000
4th Year Associate $310,000
5th Year Associate $365,000
Senior Associate 1 $390,000
Senior Associate 2 $420,000
Counsel $435,000

 

Our existing market based bonus and above market Super Bonus programs also remain in effect, except that for Super Bonus 1 we are increasing the additional bonus amount for those in the 5th year Associate through Counsel classes from $20,000 to $25,000, so that those meeting the Super Bonus 1 requirements will receive total bonuses equaling or exceeding the “special” bonuses recently announced by other firms.  Here are the updated bonus amounts:

 

Class 2024
Base Bonus
1700 Client
2000 Creditable
2024
Super 1 Bonus
1900 Client
2200 Creditable
2024
Super 2 Bonus
2100 Client
2400 Creditable
Fall Hires $15,000 $20,000 $30,000
1st Year Associate $20,000 $20,000 $30,000
2nd Year Associate $30,000 $20,000 $30,000
3rd Year Associate $57,500 $20,000 $30,000
4th Year Associate $75,000 $20,000 $30,000
5th Year Associate $90,000 $25,000 $30,000
Senior Associate 1 $105,000 $25,000 $30,000
Senior Associate 2 $115,000 $25,000 $30,000
Counsel $115,000 $25,000 $30,000

 

 

On behalf of Pillsbury, thank you for your continuing dedication to our clients and the firm.

 

Have a great holiday season.

 

Dave

 

 

 

 

David T. Dekker | Firm Chair
Pillsbury Winthrop Shaw Pittman LLP
1200 Seventeenth Street NW | Washington, DC 20036-3006
[email protected] | website bio

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