Welcome

Goodwin Hands Out $1,000 “Well-Being Payments” to Associates

May 4, 2021, 9:49 PM

Goodwin Procter has issued another in a series of $1,000 “well-being payments” to non-partner attorneys and others at the firm to help defray the costs of working remotely during the pandemic.

“As you continue to work extremely hard on behalf of our clients, we want to ensure that you are also taking care of yourself,” Managing Partner Mark Bettencourt wrote in notes he sent Tuesday afternoon to Goodwin associates and other lawyers who are not partners, as well as science advisors and science law clerks “in good standing” with the firm.

Goodwin—which earned gross revenues in fiscal 2020 just shy of $1.5 billion, according to the AmLaw 100 listings—made payments of $500 to these same groups in June, followed by another $1,000 in December. The money is intended “to help you cover wellbeing, meals, technology, supplies and other expenses related to working remotely,” Bettencourt wrote.

The cash can be spent on self-care, and other expenses—"like takeout meals while working long hours or new exercise equipment,” Bettencourt told lawyers and staffers.

The firm also paid from $8,000 to $20,000 to paralegals, senior paralegals and paralegal specialists, depending on how many hours they will have worked in fiscal year 2021, which ends on Sept. 30, 2021.

“We recognize how hard you are working and that this is a challenging period on many levels,” Bettencourt wrote to paralegals.

Though the payments to Goodwin lawyers and staffers will be made later this month, paralegals won’t receive their payments until Nov. 19.

Goodwin’s gross revenues rose by 11.7% from fiscal last year, as the firm earned $1.49 billion, according to AmLaw-reported figures. Firm leaders have said they also laid off an undisclosed number of professional staff in April 2020, joining others who looked to cut costs in response to the Covid-19 pandemic.

Goodwin timed the new payments to “Well-Being Week In Law,” a period designed to promote improved mental heath for those in the often-stressful legal profession.

A recent Bloomberg Law survey found that more than four out of five of responding organizations said the pandemic had created barriers to the success of their well-being initiatives.

To contact the reporter on this story: Sam Skolnik in Washington at sskolnik@bloomberglaw.com

To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; Rebekah Mintzer at rmintzer@bloomberglaw.com

To read more articles log in.

Learn more about a Bloomberg Law subscription.