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Annually.
Promotion to the next year, yes. Bonuses, not often, but varies by firm.
It depends
they get laid off
Making your hours is a prerequisite to being eligible for a raise and bonus at our firm. If you barely make your hours that does impact the amount of your raise and bonus. Failure to make your hours consistently results in termination of employment. Making your hours as an essential function of the job.
If you are having trouble getting your hours, I strongly recommend that you talk to your partner/supervising attorney. If it’s because you are short work, let everybody that you work with know that you need extra work and that you’re available to help in anyway. That way if you do not make your hours because there was not sufficient work, you have an explanation, not an excuse. But we also encourage attorneys to bring in their own work so you might want to spend some time bringing in clients. Networking and bringing in clients a good thing to use to protect you from termination.
Does your answer change if someone lateral into the firm mid year?
That’s the way it has always worked. You can overcome “barely” making hours by outstanding work on a project, bringing in (or building a relationship that helps the firm retain) a lucrative client, doing nonbillable work you love that raises the firm’s public profile. But “barely” making hours is something that is taken into account.
If you bring in lucrative clients it doesn’t really matter at all. But your usually already be a partner by then.