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Parental Leave Bonus Compensation
Posted: Wed Nov 30, 2022 12:33 pm
by motiongranted
Looking for firms that offer full bonuses to parents who have taken parental/maternity leave. For example, if you take 6 months of maternity leave, does that mean you are only eligible for 50% of your annual bonus?
I am advocating for my firm to change its policy. Currently, bonuses are prorated based on time off for parental leave. If anyone works at a firm that does NOT prorate bonuses based on parental leave, can you please share the firm name?
As a side note, for marketing purposes, providing the full bonus to new parents is a huge plus and should be emphasized in recruiting efforts.
Re: Parental Leave Bonus Compensation
Posted: Wed Nov 30, 2022 1:38 pm
by Anonymous User
motiongranted wrote: ↑Wed Nov 30, 2022 12:33 pm
Looking for firms that offer full bonuses to parents who have taken parental/maternity leave. For example, if you take 6 months of maternity leave, does that mean you are only eligible for 50% of your annual bonus?
I am advocating for my firm to change its policy. Currently, bonuses are prorated based on time off for parental leave.
If anyone works at a firm that does NOT prorate bonuses based on parental leave, can you please share the firm name?
As a side note, for marketing purposes, providing the full bonus to new parents is a huge plus and should be emphasized in recruiting efforts.
Gibson Dunn provides full bonus even if you take full parental leave. In addition, if you take at least 10 weeks at once, you are only expected to bill at 75% for the next three months for full bonus.
After taking full leave for my first child, I also received an above market bonus.
Re: Parental Leave Bonus Compensation
Posted: Wed Nov 30, 2022 7:18 pm
by motiongranted
Thank you so much for sharing! That is incredible and should be the norm. Really, really appreciate this information.
Re: Parental Leave Bonus Compensation
Posted: Thu Dec 01, 2022 12:39 am
by Anonymous User
My firm prorates the bonus for parental leave, but I was pleasantly surprised to receive the full bonus plus an hours-based kicker due to (presumably) a clerical error in payroll. That’s a mistake I’m not going to correct. Anon for obvious reasons.
Re: Parental Leave Bonus Compensation
Posted: Thu Dec 01, 2022 10:06 am
by motiongranted
Here is my current list if anyone has insight. It's based on word of mouth so may not be 100% accurate:
Cleary - full bonus
Patterson - full bonus
Simpson - full bonus
Susman - full bonus
Gibson - full bonus
Cooley - Pro-rate
Selendy Gay - pro-rate
Quinn - pro-rate
A&P - pro rate
S&C - pro rate
Re: Parental Leave Bonus Compensation
Posted: Mon Dec 05, 2022 5:05 am
by mvp99
Someone able to verify any of this?
Re: Parental Leave Bonus Compensation
Posted: Mon Dec 05, 2022 9:44 am
by Anonymous User
Morgan Lewis gives 40 hr/week credit during parental leave, which keeps you on pace to hit the 1900 minimum, and you're eligible for full bonus (non-pro rated)
Re: Parental Leave Bonus Compensation
Posted: Mon Dec 05, 2022 11:21 am
by Anonymous User
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Re: Parental Leave Bonus Compensation
Posted: Wed Dec 07, 2022 4:11 pm
by Anonymous User
This was a few years ago now, but I received a full bonus with a pro-rated hours requirement at White & Case in the year of my parental leave.