Top 50 Biglaw Firm Doles Out Bonuses, With Extra Money For High Billers

Showing appreciation with money is a Biglaw tradition.

money salary Sharing treasure, Big hand giving a big bag of money with dollar sign to a businessmanBonus season — that time of year when Biglaw firms say thank you to hardworking associates in the best way they know how, with cold hard cash.

The latest firm to announce their own bonuses — of both the year-end and special variety — is Dechert. The firm made $1,071,163,000 in gross revenue last year, making it 37th on the Am Law 100, so they have plenty of money to show associates how much they care. As expected, the firm is matching the market scale set by Davis Polk.

The firm’s bones will be given out on the following schedule:

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Associates are eligible for these bonuses if they make the 1,950 threshold for bonus hours. Additionally, associates who hit 2,200 billable hours will receive an extra 30 percent above the year-end bonuses; 2,400 hours will get folks an extra 40 percent. Not a bad extra thank you for those who billed their butts off this year.

The full memo is available on the next page.

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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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

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