Biglaw

Magic Circle Gets In On All The Bonus Action

Bonuses are dropping like crazy!

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We told you that once Milbank set the scale (last week) and Cravath confirmed it (yesterday) that the top of the Biglaw pile would be falling all over themselves to prove that they’re nimbly able to match the compensation scale.

So the question we’ll be answering over the next few weeks, is which firms are able to match? Now a Magic Circle firm — Clifford Chance — has answered in the affirmative. Earlier today, the firm announced the following bonuses for all U.S. associates:

Class Year Bonus
2011 and senior $100,000
2012 $100,000
2013 $90,000
2014 $80,000
2015 $65,000
2016 $50,000
2017 $25,000
2018 $15,000
2019 $15,000 (pro-rated)

The bonuses are scheduled to be paid on January 15th.

Remember, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). 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 (which is the alert list we also use for all salary announcements), 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. Thanks for your help!

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headshotKathryn 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).

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