December 14, 2020 at 2:47 PM
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One of the benefits of the lockstep nature of Biglaw bonuses (and compensation, generally for that matter), is that what associates are going to make is pretty clear. And if there are conditions (usually billable hours-based) it tends to be obvious and known well in advance. But that’s not always the case.
On Friday, Hogan Lovells announced year-end bonuses. The scale matches the market bonuses, subject to the firm’s usual 2,000-hour requirement, which can include up to 150 pro bono hours until associates meet a 1,850 billable-hour threshold, after which there’s no limit on pro bono hours.