A&O Shearman Targets 2,000-Hour Mark for Associate Bonuses (2)

A&O Shearman will require its US-based associates and counsel to hit at least 2,000 “billable” hours in order to qualify for year-end bonuses.

Lawyers can get some credit for pro bono work and “investment hours,” in addition to hours directly billed to clients, the firm said Friday. Investment hours include time spent on diversity and inclusion efforts, personal development, training, and other areas.

“The significance of billable hours to clients cannot be overstated in our firm, and it is reflected in the way we have designed our US & Americas associate and counsel bonus policy,” said a ...