The Richest Firms That Still Haven't Announced Bonuses
Profits per partner are over $1M, but the associates are still wondering about bonuses.
Bonus season is running a little slower than we’d expect, much to the chagrin of associates around the country. We have a running scorecard of the firms that have moved so far but since one of the things we’ve gleaned from this season so far is that firms aren’t matching as quickly as we generally expect, we thought it was time to put together a list of the firms holding out on us.
So, as far as we can tell as of this moment, the following are the U.S.-based law firms (or their U.S.-based verein outpost) with profits per equity partner exceeding $1 million that have yet to announce bonuses over two weeks after the fact. Some, like Boies Schiller, don’t announce bonuses per se because they buck the traditional format and offer something more akin to a revenue share for associates. It’s a known formula, so associates aren’t really sweating over there. We’re keeping them on this list of “non-announcers” for completeness. (UPDATE: Boies Schiller has now passed along the bonus numbers to their associates so they’re coming off.) Just take some of these names with that particular grain of salt.
Additionally, this list is limited to U.S. firms — not just firms operating in the U.S. Therefore holdouts like Linklaters aren’t included on this list.
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Without further ado, here are the firms with $1M+ in profits per partner that have not yet announced bonuses to us. If you receive any information about these firms then let us know! Don’t just assume someone else told us. Please email bonus news 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.
Wachtell, Lipton, Rosen & Katz
Quinn Emanuel Urquhart & Sullivan
Kirkland & Ellis
Sullivan & Cromwell
Cahill Gordon & Reindel
Weil, Gotshal & Manges
Boies, Schiller & Flexner
Latham & Watkins
Gibson, Dunn & Crutcher
Paul Hastings
Dechert
King & Spalding
Schulte Roth & Zabel
Akin Gump Strauss Hauer & Feld
Vinson & Elkins
White & Case
Wilson Sonsini Goodrich & Rosati
Winston & Strawn
Kramer Levin Naftalis & Frankel
Goodwin Procter
WilmerHale
Cooley
O’Melveny & Myers
Fragomen, Del Rey, Bernsen & Loewy
Alston & Bird
Orrick, Herrington & Sutcliffe
Baker Botts
DLA Piper (verein)
Morrison & Foerster
McDermott Will & Emery
Greenberg Traurig
Fish & Richardson
Williams & Connolly
Mayer Brown (But only in NY)
Katten Muchin Rosenman
Covington & Burling
Fenwick & West
Jenner & Block
Morgan, Lewis & Bockius
Holland & Knight
Baker & McKenzie (verein)
Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo
Hogan Lovells (verein)
Pillsbury Winthrop Shaw Pittman
Arnold & Porter Kaye Scholer
Reed Smith
Perkins Coie
Foley & Lardner
Venable
Crowell & Moring
Nixon Peabody
Hunton Andrews Kurth
Nelson Mullins Riley & Scarborough
Troutman Sanders
McGuireWoods
Kilpatrick Townsend & Stockton
Jones Day
Baker & Hostetler
Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news.
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