Elite Biglaw Firm Announces Bountiful Special Bonuses
Biglaw firms are saying 'thank you' in the best way they know how -- with money.
The spring of Biglaw special bonuses continues. This March is not going out like a lamb when it comes to the bonus dollars that are flowing throughout the largest law firms in America.
Willkie got the special bonus ball rolling, but Davis Polk came out on top as the firm is wont to do, and wowed the market with more money — and others have matched that more generous scale, in droves.
Attorneys received a much-appreciated announcement today from the powers-that-be at Paul Hastings, a firm that brought in $1,268,910,000 gross revenue in 2019. The firm announced it would be joining Biglaw’s best in giving out special bonuses. Payable on May 28 and October 29, the firm will give out between $12,000 and $64,000, depending on class year, according to the following schedule in its U.S., Asia, London, Frankfurt, and São Paulo offices (full memo on the next page):
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Echoing its peers, the firm noted that these special bonuses will not impact its year-end bonuses. Congratulations to everyone at Paul Hastings!
(Flip to the next page to see the full memo from Paul Hastings.)
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.
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Staci 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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