{"id":98276,"date":"2024-12-20T09:01:24","date_gmt":"2024-12-20T17:01:24","guid":{"rendered":"https:\/\/xira.com\/p\/2024\/12\/20\/hogan-lovells-does-damage-control-after-stiffing-associates-on-special-bonuses\/"},"modified":"2024-12-20T09:01:24","modified_gmt":"2024-12-20T17:01:24","slug":"hogan-lovells-does-damage-control-after-stiffing-associates-on-special-bonuses","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2024\/12\/20\/hogan-lovells-does-damage-control-after-stiffing-associates-on-special-bonuses\/","title":{"rendered":"Hogan Lovells Does Damage Control After Stiffing Associates On Special Bonuses"},"content":{"rendered":"

Associates’ displeasure has been noted by the firm.
\nThe post Hogan Lovells Does Damage Control After Stiffing Associates On Special Bonuses appeared first on Above the Law.<\/p>\n

\"PoorThe big story of the 2024 bonus season has been special\u2026 special bonuses, that is. Milbank started the Biglaw ball rolling this summer with special bonuses (on top of typical year-end ones) ranging from $6,000 to $25,000. It took the rest of the industry several months, but now at the end of the year, *most* of the top of the industry has matched Milbank. So it was quite the surprise when top firm Hogan Lovells didn\u2019t.<\/p>\n

But more than just surprised, associates were pissed<\/a>. HoLove is historically a very profitable firm that consistently ranks as one of the top in the nation. To associates, the move felt short-sighted (distinguishing themselves from peer firms in such an unflattering way) and cheap (all indications were that the firm continues to be profitable).<\/p>\n

The good news is the firm has heard the associates\u2019 grumblings. This morning, the firm sent out an email (reproduced in full below) acknowledging the discontent.<\/p>\n

\n

Thank you for your candid feedback regarding the absence of a special bonus in this week\u2019s announcement. It is a fundamental strength of our firm that everyone in our community provides such feedback, and we value your perspective and input on this and other matters.<\/p>\n

We have heard from many of you that leadership did not communicate effectively about this decision and we accept this criticism. We acknowledge that we could have handled this more effectively.<\/p>\n<\/blockquote>\n

Listen, the surprise of it all wasn\u2019t fun for associates \u2014 but that wasn\u2019t the *problem*. As a tipster noted, \u201cHogan trying to do damage control on bonuses, just making matters worse. The problem wasn\u2019t the \u2018communication\u2019 \u2014 it was the amount.\u201d<\/p>\n

Richard Lorenzo, the firm\u2019s regional managing partner, went on to say the firm is working on how to \u201cbest to address the concerns raised in a positive manner.\u201d You just\u2026 give them money. But I\u2019m sure instead of just ponying up the cash, they\u2019ll try to come up with some other ploy to try and quell the discontent.<\/p>\n

\"jelly<\/p>\n

Hey, as long as it doesn\u2019t result in the bumbling kidnapping of firm leadership by Cousin Eddie, it\u2019s a success.<\/p>\n

Full memo below.<\/p>\n

\"holove<\/p>\n

Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or\u00a0email us<\/a>\u00a0(subject line: \u201c[Firm Name] Matches\u201d). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don\u2019t want to forward the original PDF or Word file.<\/p>\n

And if you\u2019d like to sign up for ATL\u2019s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don\u2019t need to do anything. You\u2019ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!<\/p>\n

\n

\"KathrynKathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast<\/a>, and co-host of Thinking Like A Lawyer<\/a>. AtL tipsters are the best, so please connect with her. Feel free to email her<\/a> with any tips, questions, or comments and follow her on Twitter @Kathryn1<\/a>\u00a0or Mastodon @[email\u00a0protected].<\/a><\/em><\/strong><\/p>\n

\n
\"Bonus<\/div>\n
\n","protected":false},"excerpt":{"rendered":"

Associates’ displeasure has been noted by the firm. The post Hogan Lovells Does Damage Control After Stiffing Associates On Special Bonuses appeared first on Above the Law. The big story of the 2024 bonus season has been special\u2026 special bonuses, that is. Milbank started the Biglaw ball rolling this summer with special bonuses (on top […]<\/p>\n","protected":false},"author":0,"featured_media":98277,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,17],"tags":[],"class_list":["post-98276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law","category-legal_matters"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2024\/12\/GettyImages-487973660-qEe68P.jpeg?fit=591%2C591&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/98276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=98276"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/98276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/98277"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=98276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=98276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=98276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}