WilmerHale awards merit-based bonuses

January 30, 2014 WilmerHale has awarded its end of year bonuses for 2013, with associates awarded differing amounts based on the firm’s merit-based compensation system.

The firm awards bonuses to lawyers who bill 1900+ hours, and since every bonus is different it is difficult to generalise about whether associates are happy with the amount. Some commentators speculate that the merit-based scheme is a thinly veiled cost-saving measure, while others say 41% of associates received a bonus above the market standard.

Not all firms are so enigmatic about about amounts and distribution — Latham & Watkins, for example, publishes much greater detail.

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