Boutique Law Firms

Brand New Litigation Boutique Is Already Beating Cravath On Bonuses

Wow, the firm isn't even a year old yet. Great work!

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Boutique law firms continue to blow Biglaw firms out of the water when it comes to giving their hard-working associates the bonuses they deserve. Case in point: Roche Cyrulnik Freedman, a New York- and Miami-based litigation boutique that’s existed for less than a year, is offering market-beating bonuses.

Founded by Kyle Roche, Jason Cyrulnik, and Vel Freedman, RCF is the first Boies Schiller Flexner spinoff since the latter’s inception more than two decades ago. The firm may be tiny — it has just 22 attorneys, total — but it is mighty, leading the charge in many cryptocurrency and cannabis cases. Roche Cyrulnik’s team has grown by more than 50 percent since January 2020, and because its associates have helped build “something special,” they’re being rewarded with overmarket bonuses.

Here’s what the 2020 year-end bonus scale looks like at RCF:

As you can see, bonuses at RCF are just a hair over the combined year-end and special bonuses being offered by Cravath and its peer firms at every level. (The classes of 2017 and 2018 receive the biggest bumps at $5,000 over market, while every other class year is receiving $2,500 over market.) Here’s what a happy associate at the firm had to say: “This is very exciting news from a new firm and demonstrates that the partnership is truly invested in its growing class of associates.”

Congratulations to all Roche Cyrulnik Freedman associates! It sounds like this firm is really going places, and they’ll be there to witness all of its success.

(Flip to the next page to read the Roche Cyrulnik bonus memo in full.)

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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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