Associate Bonus Watch: There's Magic In The Air As International Firm Matches Cravath

We've now heard from almost all of the Magic Circle firms... except for one.

First came Linklaters, then came Clifford Chance, and yesterday, Freshfields finally announced its Cravath match for all of its U.S. associates in New York, NY, and Washington, D.C. In case you’ve forgotten what this year’s bonus scale looks like, here’s how Freshfields is making its match:

Class of 2017 — $15,000 (pro-rated)
Class of 2016 — $15,000
Class of 2015 — $25,000
Class of 2014 — $50,000
Class of 2013 — $65,000
Class of 2012 — $80,000
Class of 2011 — $90,000
Class of 2010 — $100,000
Class of 2009 and more senior — $100,000

Freshfields will pay its bonuses on December 30, 2017, which will make for a very happy New Year for its U.S. associates. The firm’s bonus memo is on the next page.

We’ve heard from almost all members of the Magic Circle except for one — Allen & Overy. What’s going on at A&O? If you have any intel, please reach out to us.

As a little reminder, we love covering the Biglaw bonus season, but we need your help. Remember: as soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”). We always keep our sources on bonus stories anonymous. There’s no need to send the memo using your firm email account; your personal email account is fine. Please be sure to include the memo as proof; we like to post complete bonus memos as a service to our readers. You can take a photo of the memo and attach as a picture if you are worried about metadata in a PDF or Word file. You can also text us at 646-820-8477. We look forward to hearing from you.

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Staci ZaretskyStaci Zaretsky has been an editor at Above the Law since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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