{ "media_type": "text", "post_content": "Anyone have any insight into Greenberg Traurig’s compensation and bonus structure? They seem to be one of the few AmLaw 50 firms with little insight into minimum hour requirements and bonus structure.", "post_id": "5fecaa578aa46f0022919932", "reply_count": 7, "vote_count": 8, "bowl_id": "5df70ed2f7169f002b172d3f", "bowl_name": "Big Law" }

Anyone have any insight into Greenberg Traurig’s compensation and bonus structure? They seem to be one of the few AmLaw 50 firms with little insight into minimum hour requirements and bonus structure.

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They are notorious for being super cheap with associate comp. Generally if you have the ability to go to a real biglaw firm, you should take it.

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Minimum hours for a market bonus depends on your specific office and practice group, but target is generally 2000. Salaries are not technically lockstep but the people I’ve talked to in my office are being paid on that scale (I’m in a larger market). I know of a few people who have in the past received above market bonuses but were super high billers (think 2700+).

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I used to be at GT and echo the sentiments above. Was a high biller and received market salary and an above market (around $10-15k extra) for the years that I was there. Definitely very political however; you’ll need partners who have sway to advocate for your compensation come year end.

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I am at GT. The firm is not lockstep and salaries will vary depending upon your market and practice group, i.e. your billing rate. IME your comp is tied mainly to your profitability, so receipts on work done, with discretionary adjustments for things like hours billed, originations, etc. Firm management said on a recent call that there are and will continue to be associates who receive “above market” bonus etc, though I don’t personally know of any who have. I do know some who have received some nice bonuses, even in my smaller market, and others who haven’t, emphasizing the individuality of pay decisions. End of day it’s a black box firm with comp being merit based, treatment not the same across the board. Compared to lock step firms, this hurts you if you underachieve and rewards you if you overachieve IMO.

I’m at GT and if you bill more than market you’ll be paid more than market, assuming you have shareholders that back you. This has been universally true for me and my other high performing colleagues. My comp for this year is above market (including covid bonuses) for above market hours. That being said, if you’re a low biller or in a slow practice group, you’ll get stiffed. It’s really eat what you kill, in all respects, partners and associates. You’ve got the chance to make a killing but could also suffer the consequences of things outside of your control.

Richard, is that you?

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