Some Associates At This Firm Will Get An Extra $40,000 On Top Of The Standard Bonus Scale
Special bonuses on top of year end bonuses? Yes please!
At this point in the bonus cycle, Biglaw observers are well aware of what the elite firm are paying to the associates for their year end bonuses. The scale was set by Milbank over a month ago, and quickly confirmed by Cravath and now that’s what most big firms will be giving their associates. But it is always nice when, in addition to just making the match, firms give a little something extra to the hardest working associates.
That’s just what happened at Cahill Gordon & Reindel. As part of their bonus announcement they indicated that they pay “special bonuses” ranging from $5,000 to $40,000 for “outstanding individual effort.” Nice!
For those that need the reminder, the industry-wide bonus scale that Cahill is matching is as follows:
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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
Read the full memo on the next page.
Remember — we can’t do this without you, dear readers! 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.
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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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