Credit: Creativa Images/Adobe Stock Cashing In on Busy Year, Hueston Hennigan Offers Associates Midyear 'Reward.' Will Other Litigation Firms Follow Suit?
One recruiter noted it is "very rare to see bonuses halfway through the year," adding that the firm is likely using the bonus as a "retention tool."
June 13, 2024 at 07:18 PM
5 minute read
The original version of this story was published on The Recorder
What You Need to Know
- Hueston Hennigan is offering up to $25,000 in bonuses to associates who reach billable hour targets
- Recruiters say the move is likely a 'retention tool.'
- Associate attrition was 18% in 2023, according to most recent NALP Foundation data.
Hueston Hennigan's recent decision to offer its associates and counsel summer bonuses underscores the value of using bonus payments as a tool for talent retention.
In a shift away from the typical year-end bonus schedule, according to details of an internal memo obtained by Law.com, the California litigation boutique will pay out up to $25,000 for associates or counsel who are on track to bill 2,700 hours this year, $20,000 for those on track to bill 2,400 hours, and $10,000 for those on track to bill 2,000. The bonuses, which are to be paid out in July, are not dependent on class, according to the June 4 memo.
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