Troutman Pepper has announced popular revisions to both its bonus allocation and salary increase structures.
In February of 2020, Troutman Sanders announced bonuses that associates described as “a slap in the face.” Two months earlier, Pepper Hamilton enraged its associates by offering a bonus structure where “8th years are still making the same bonus as a first year at other firms with market bonuses.” But then these two maligned firms got together to create Troutman Pepper and 2021 is a whole different story.
Associates with the firm in their first six years will receive flat salary raises. Associates in their seventh year and beyond will receive a customized salary band increase.
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