Associates working at the law firm of Goodwin Procter received their individual notices about their bonuses. Scott Webster, a chair of Goodwin’s attorney review committee, sent out a memo that explained the firm’s 2011 bonuses and 2012 base salaries this week. A snippet from the memo is below:
“Associates in good standing who met the 1,950 hour threshold during the fiscal year ending September 30, 2011, through billable work, pro bono work (up to 150 hours) and legal advice to the firm will receive bonuses.
The 2011 bonuses are determined by reference to the bonus scale listed below. Individual bonus awards in each class may be above or below these amounts based on an evaluation by ARC of the factors described above. About 37 percent of associates receiving bonuses will receive the amount listed below for their class, and about 33 percent will receive more than the amount listed below.”
The memo sent out by Webster prints the pay scale sent out by Sullivan & Cromwell, which started at $7,500 for the class of 2010 and topping off at $42,500 for the class of 2003 and earlier associates.
In terms of base salaries, Goodwin is staying with the status quo, with first-year associates making $160,000 and eighth-year associates making $280,000. The memo ends with a reminder for associates that their pro bono work is very important to themselves and the firm:
“The firm remains committed to the Pro Bono Institute Pledge of dedicating 3% to 5% of its annual billable hours to legal matters on behalf of people in poverty or to advance civil rights. Goodwin Procter believes that pro bono service is a shared contribution on the part of the firm and each individual attorney. As in 2011, the firm will credit up to 150 pro bono hours towards the 1,950 bonus eligibility threshold. Pro bono work in excess of 150 hours will continue to be considered by ARC when reviewing the quality of an attorney’s work.”