Biglaw

Biglaw Firm Rewards High Billers With Bountiful Bonus Bucks

Associates seem pretty thrilled about the news.

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The closer we get to Friday night, the more likely it is that Biglaw firms will announce bonus news that’s sure to delight.

Yet another firm has announced bonuses that reward associates for billing well above and beyond what was expected of them, except in this case, many associates were surprised by the fact that less was required of them than usual to achieve a market bonus — meaning that some may be receiving some unexpected additional cash.

The firm in question is Katten Muchin, and associates seem pretty thrilled:

Katten announced bonuses today! The big news this year is that the firm is paying market bonuses at 2000 hours. Previously, the threshold for market was 2100, with a smaller bonus at 2000. On top of that, the announcement this year is much earlier (previously mid-to-late January), as is the payment (previously mid February).

Here’s the scale for Katten’s over-the-top bonuses for high billers:

Note that there’s not even a pro-rated bonus included for the class of 2019. Ouch.

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(Flip to the next page to see the full memo from Katten.)

Remember everyone, 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 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 all of your help!

Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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