This morning when Davis Polk announced their year-end bonuses that matched the Cravath scale — at a ~15 percent increase over last year’s bonus numbers — plus an added special bonus, well, we knew that Biglaw would respond. Since then, we’ve seen a steady stream of firms matching this scale. And after what has been a relatively quiet bonus season so far, it’s nice to see.
The latest firm to get in on that sweet, sweet bonus action is Willkie Farr & Gallagher. The firm, which took in $986,000,000 in gross revenue in 2020, making it 44th on the Am Law 100, announced bonuses, of both the year-end and special variety.
Unsurprisingly, they matched the prevailing scale:
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As a tipster told Above the Law:
Willkie matches. Big year for the firm with two new offices opening. This isn’t surprising, but it’s still a nice way to start the week.
Congrats to associates taking home a pretty penny this bonus season. The full memo is available on the next page.
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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.
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!
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).