"Sometimes extra money comes with extra work. Foley & Lardner is paying their associates handsomely - $25k above market in some cases - but you've got to hit the 2200 hour mark for that extra compensation. 2100 gets you market value and 2000 or below gets you a push to do better next year. While there's no questioning that the firm is raking in a large amount of money,"
"$1,275,570,000 gross revenue in 2024 according to Am Law 100, the firm's relatively high headcount could explain why the hours threshold shows such stark differences in pay. Here's the scale: To the hard workers at Foley & Lardner, enjoy the money! If you're feeling festive, set aside some of that cash to buy a scent that reminds you of the holiday season. Bonuses are scheduled to be paid by the end of January 2026."
"We like hearing about bonuses almost as much as you enjoy spending them. As soon as your firm's memo comes out, please email it to us (subject line: "[Firm Name] Bonus") or text us (646-820-8477). 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."
Foley & Lardner is offering notably higher associate compensation, including up to $25,000 above market in some cases, tied to billing-hour thresholds. Associates who bill 2,200 hours qualify for the enhanced payout, 2,100 hours yields market value, and 2,000 or fewer hours results in encouragement to improve next year. The firm reported $1,275,570,000 gross revenue in 2024, and a relatively large headcount may account for pay differences across hour thresholds. Bonuses are slated for payment by the end of January 2026. Readers are invited to submit memos and sign up for bonus alerts.
Read at Above the Law
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