Sheppard Mullin, a top-tier law firm, has announced bonuses for its associates who have reached the 2000-hour mark. The bonus structure is as follows:
* Those who meet the minimum requirement of 50 hours will receive a bonus
* Those who exceed the threshold by 10-20% will receive an additional percentage-based bonus
The firm’s gross revenue was reported at $1,120,922,000 in 2023, with profits per equity partner reaching $2,325,000. This places Sheppard Mullin among the top earners in the country.
While not all associates may be eligible for bonuses this year, being part of the firm still earns them a high standard of living. The bonus system is seen as a way to recognize hard work and dedication.
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Source: https://abovethelaw.com/2024/12/biglaw-firm-matches-milbank-and-rewards-associates-for-racking-up-hours