Disappointment over bonuses at Hogan Lovells
Hogan Lovells has announced its end of year bonus package, the first the firm has given since the merger Hogan & Hartson and Lovells. But associates hoping that the deal might mean an extra payoff were disappointed.
Above The Law speculates that the discontent may arise from the Washington DC office, where lawyers may have had expectations of an above-market-rate bonus after the merger between Hogan & Hartson and Lovells. Washington DC lawyers traditionally receive lower bonuses their NY and LA counterparts.
The other problem with the bonuses is that those who billed 2,200 hours received just $5,000 more than those who billed 1,950 hours – awarding only $20 per hour for the extra hours billed.