I work a boutique litigation law firm (think 5-10 lawyers). We are considering changing our bonus structure because doing it by annual hours milestones doesn’t feel right for our firm’s culture anymore (we are very very into being a lifestyle/work-life balance firm). What are other ways that your firm compensates the hard work of associates rather than bonus based on X annual hours? Looking for traditional answers (like profit share %) and unique answers too (expense paid vacation?)!

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We basically pay a lower than market base salary. Once an associate hits a designated overhead allocation (less than partner overhead allocation) they keep 30 percent of working receipts and ten percent of originations. We have a small shop like yours and associates could make more money than biglaw depending on hours and collections.

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We have a profit sharing % that goes into my 401k, which is incredible. I don’t know the %, and I also don’t know if it’s based on my performance or not.

Bonuses include a standard end-of-year bonus (hits before Christmas) and a black-box bonus after the year’s billing is reviewed. It’s not really just hours based, a lot of it is efficiency, client development, etc.

Also a decent yearly stipend for home office supplies! That’s been very very nice

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Every associate gets the same bonus based on the firm’s profits.
(We have other nice benefits too - 5% contribution to the 401K, a defined benefit pension, employer-paid healthcare, student loan assistance)

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No billable hours and random black-box bonuses

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Bonus based on individual receipt collections

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Monthly bonuses if billing over 170 hours, which increases every ten hours over that

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Hello Sharks,

Could you please refer me for position - Networking Specialist Advisor. Network consultant with 12 YOE. Design, implement and administrate network. Cisco R&S, C9K catalyst, ISR4K, DMVPN, Cisco Wireless, automation, Juniper networks and riverbed optimization

Greetings!
I'm new to this.
This is to get connected to all for the job opportunity in the HR department. I have more than 4 years of experience in the HR field.
Also, since it's a job hunt. A referral from anyone might be useful.
And if anyone happens to know about any opportunity, kindly do let me know.


Regards

Smitha Babu

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