Biglaw Bonus Blitz Continues With Big Bucks Announcement
Biglaw = big money.
If you thought that Milbank’s decision to announce their 2019 year end bonuses early — November 7th to be precise — would slow the rest of their Biglaw colleagues from matching, well, you were wrong. Sure, it took Cravath the weekend to decide to match that standard, but once that happened the bonus announcements for the top of the Biglaw heap have been coming fast and furious.
The latest firm to make their associates’ bonus dreams come true is Weil, Gotshal & Manges. Earlier today, the elite firm matched the market bonus scale. That bonus schedule is as follows:
Class of 2019 – $15,000 (pro-rated)
Class of 2018 – $15,000
Class of 2017 – $25,000
Class of 2016 – $50,000
Class of 2015 – $65,000
Class of 2014 – $80,000
Class of 2013 – $90,000
Class of 2012 – $100,000
Class of 2011 – $100,000
Class of 2010 and senior – case by case
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Bonuses will be paid by the firm by January 31st. (Full memo on the next page.)
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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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).
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