Page 1 of 1

Parental Leave Prorating Bonus

Posted: Thu Mar 03, 2022 12:19 am
by Anonymous User
I work for a V50 firm that prorates year end bonuses to the number of days worked. Are there firms out there that don’t prorate bonuses? I assume firms that have no billable hour requirement don’t prorate? What about a firm with a minimum billable requirement that doesn’t prorate?

Re: Parental Leave Prorating Bonus

Posted: Thu Mar 03, 2022 10:40 am
by Anonymous User
Anonymous User wrote:
Thu Mar 03, 2022 12:19 am
I work for a V50 firm that prorates year end bonuses to the number of days worked. Are there firms out there that don’t prorate bonuses? I assume firms that have no billable hour requirement don’t prorate? What about a firm with a minimum billable requirement that doesn’t prorate?
Paul Hastings has a billable hour requirement and does not prorate bonuses for parental leave. EDIT to note that Paul Hastings gives you billable-equivalent credit for your leave, so it's as if they pro-rate your hours target to get the full bonus.

Re: Parental Leave Prorating Bonus

Posted: Thu Mar 03, 2022 11:58 am
by Anonymous User
Anonymous User wrote:
Thu Mar 03, 2022 12:19 am
I work for a V50 firm that prorates year end bonuses to the number of days worked. Are there firms out there that don’t prorate bonuses? I assume firms that have no billable hour requirement don’t prorate? What about a firm with a minimum billable requirement that doesn’t prorate?
Akin Gump doesn't technically have an hours requirement although 1950 is the number for bonus purposes, but they don't prorate bonus $$ for parental leave as long as you hit the prorated bonus hours target.

Re: Parental Leave Prorating Bonus

Posted: Thu Mar 03, 2022 12:54 pm
by Anonymous User
Anonymous User wrote:
Thu Mar 03, 2022 12:19 am
I work for a V50 firm that prorates year end bonuses to the number of days worked. Are there firms out there that don’t prorate bonuses? I assume firms that have no billable hour requirement don’t prorate? What about a firm with a minimum billable requirement that doesn’t prorate?
Fried Frank also has an hours target, and does not prorate your bonus for leave as long as you hit your prorated target.

Re: Parental Leave Prorating Bonus

Posted: Thu Mar 03, 2022 10:01 pm
by Anonymous User
I asked this question a few years ago because I was surprised my bonus was pro rated. It varies. Most of the really profitable firms don’t, however.