Biglaw Firm Showers Associates With Cold, Hard Cash

Exciting news!

Another day, another Biglaw firm that’s offering tremendous heaps of money to its associates and counsel for all of their hard work during the pandemic. By our count, dozens upon dozens of law firms (64, to be exact) have offered special bonuses thus far, leaving us to wonder which firms are waiting it out until the bitter end of the cycle to thank their lawyers for all they’ve done in these unprecedented times.

The latest firm to announce bonuses is Katten Muchin, a firm that brought in $669,709,000 gross revenue in 2019, placing it at #63 in the most recent Am Law 100 ranking. The firm has of course matched the Davis Polk special bonus scale, and its bonus matrix can be seen below (full memo on the next page):

Although the firm’s standard billable requirement for bonuses is 2000 hours, Katten is only requiring 1900 hours annualized (including pro bono, firm citizenship, and firm legal work) for these special bonuses. The May payment is based on four months of work, and the September payment is based on eight months of work. The firm is offering two catch-up payment periods in August and December so that everyone will have the opportunity to reap these rewards.

Congratulations to everyone at the firm on these fantastic bonuses!

(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.

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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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