Top 20 Firm Enters The 2021 Biglaw Bonus Fray
Money, money, and more money!
(Image via Getty)
Back in the day, there was one firm that could easily be relied upon to sweeten the year’s bonus pool with the addition of special bonuses. That title now belongs to Davis Polk, but it used to be Sullivan & Cromwell that wore the crown.
After bringing home $1,555,441,000 gross revenue in 2020, the firm came in 18th place in the most recent Am Law 100 ranking. S&C has now spoken out on bonuses, and according to sources, it seems to be following the market (with no additional compensation for high billers, which has some associates miffed).
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
Here’s what he prevailing market scale for bonuses looks like:
Bonuses at the firm will hit bank accounts on December 20. Congratulations to all Sullivan & Cromwell associates!
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.
Sponsored
The Business Case For AI At Your Law Firm
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
Legal AI: 3 Steps Law Firms Should Take Now
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we 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. Thanks for all of your help!
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.
Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Legal AI: 3 Steps Law Firms Should Take Now
