This Firm Is Showering Associates In Cash With Big Bonuses And Even Bigger Salaries
Better grab an umbrella!
When it comes to associate pay, the bigger the firm the better the salaries doesn’t always hold true. Time and time again throughout this summer’s salary wars, we’ve seen boutique firms deliver salaries that have matched — and even exceeded — the new $205K Biglaw salary scale.
To that end, we’ve got news from Reid Collins & Tsai, an Austin-based litigation boutique that is blowing the Davis Polk scale out of the water when it comes to both salaries and bonuses. According to a compensation memo from the firm, attorneys in all class years are guaranteed salaries that either meet or beat what the market has to offer, before their huge bonuses.
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We’ve been told that Reid Collins pays out bonuses frequently, and to date in 2021, the firm has paid out more than $80,000 per lawyer, with another bonus on the way. Associates who have really hit it out of the park with unique achievements have received sizable individual bonus awards.
An insider at Reid Collins had this to say: “These partners make it their mission to find great talent, treat them well, and make sure they are rewarded for all their blood, sweat, and tears in this tough, tough, business.”
Congratulations to everyone at the firm!
(Flip to the next page to see the memo from Reid Collins & Tsai.)
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We depend on your tips to stay on top of this stuff. 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’ll 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.
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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