On Top Of Raises, This Top 10 Biglaw Firm Is The First To Offer Supersized Bonuses To Super-Senior Associates
This elite firm is being super generous and offering its super-senior associates higher bonuses!
ROPES & GRAY — MEMO — COMPENSATION UPDATES
As 2023 approaches its close, we thank you again for your outstanding efforts and contributions this year. The results you have achieved for our clients are extraordinary and your dedication to our mission to Practice with Purpose helps us to deliver these results and to support our communities and each other. It is a privilege to work with you.
We are pleased to announce that we will be paying the year-end bonuses outlined below to those partnership track associates on the U.S. scale who are in good standing and have met the firm’s 1900 creditable hour expectation. As in prior years, we will increase bonuses for those who have annualized creditable hours above that expectation. For those who did not meet the creditable hour expectation this year or are otherwise not in good standing, bonuses will be reduced.
| Class Year | Bonus |
| 2015+ | $130,000 |
| 2016 | $115,000 |
| 2017 | $105,000 |
| 2018 | $90,000 |
| 2019 | $75,000 |
| 2020 | $57,500 |
| 2021 | $30,000 |
| 2022 | $20,000 |
| 2023 | $15,000 (prorated) |
We will also be increasing base salaries for partnership track associates on the U.S. scale as follows. Base salary increases will take effect January 1, 2024.
| Class Year | 2024 Base salary |
| 2015+ | $445,000 |
| 2016 | $435,000 |
| 2017 | $420,000 |
| 2018 | $390,000 |
| 2019 | $365,000 |
| 2020 | $310,000 |
| 2021 | $260,000 |
| 2022 | $235,000 |
| 2023 | $225,000 |
Bonuses and 2024 base salaries for counsel and all other attorneys are determined individually and will be communicated in December.
All bonuses will be paid by direct deposit on December 22, 2023. Attorneys must be employed by the firm and in good standing on that date to be eligible for a payment. Bonuses will be prorated accordingly for attorneys on reduced schedules, unpaid leaves of absence, or who joined late in the year.
We wish you and your families a happy holiday season.
David and Julie
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 and Threads or connect with her on LinkedIn.
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