Orrick Gives Breakdown Of Merit-Based Bonuses

Law360, New York (February 10, 2010, 6:21 PM EST) -- Orrick Herrington & Sutcliffe LLP has revealed how much it is paying its associates in merit-based bonuses for 2009, offering a rare glimpse into the mechanics of alternative compensation schemes as more firms shift away from lockstep pay.

The firm, which has 1,000 lawyers in 22 offices worldwide, distributed the information to associates in a memo on Wednesday. The figures first appeared on legal blog Above the Law, and a firm spokesman later confirmed the numbers were correct.

The average bonus for associates was $11,813, according...
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