Woohoo! The news about end-of-the-year Biglaw bonuses continues to be good news for associates at elite firms. Though we are still waiting on bonus announcements from the majority of Biglaw firms, but with 13 firms (and counting) matching the bonus scale set by Cravath last week, it feels like we’ve reached a tipping point.
Firms that consider themselves at the top end of the Biglaw proving ground will — at a minimum — match the Cravath scale. Firms that don’t (or that put excessive conditions on unlocking market bonuses) will reveal themselves to be “less than” the top firms. The question remains, how does your firm stack up?
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The folks at Cadwalader announced bonuses on November 21st that demonstrate they’re at the top of the heap. Even before they left to celebrate Thanksgiving with their families and loved ones, the powers-that-be were making sure associates knew they were appreciated with the following bonus schedule:
Class of 2018: $15,000 (prorated)
Class of 2017: $15,000
Class of 2016: $25,000
Class of 2015: $50,000
Class of 2014: $65,000
Class of 2013: $80,000
Class of 2012: $90,000
Class of 2011 and senior: $100,000
Please help us help you when it comes to bonus news at other firms. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) or text us (646-820-8477). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
And if you’d like to sign up for ATL’s Bonus Alerts, please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish.
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).