| Timing
Bonus-eligible associates who have met their production targets, based on time entered and finalized through December 16, will receive both the base market bonus and the additional special bonus noted above on December 27. Any incremental year-end bonus enhancements for higher performance ratings and production will be paid in the ordinary course on February 7, 2025.
Bonus-eligible associates who did not meet the minimum production target by December 16, but who meet that expectation by December 31, will receive the market bonus, any enhanced bonus, and the special bonus on February 7, 2025.
Associates must remain employed by the firm and in good standing on the date of the bonus payment to receive a bonus. Consistent with past practice, individual bonus amounts will be communicated in advance of the bonus payment date.
Terms applicable to all bonuses
Bonuses will be prorated for associates who worked a partial year or who took a leave of absence, and will be subject to applicable taxes and withholding.
Individual bonuses may be adjusted in the firm’s discretion.
2025 associate compensation
We are pleased to announce the following 2025 US associate base salary amounts:
| Firm Class Year |
Base Salary |
| 2024 |
$225,000 |
| 2023 |
$235,000 |
| 2022 |
$260,000 |
| 2021 |
$310,000 |
| 2020 |
$365,000 |
| 2019 |
$390,000 |
| 2018 |
$420,000 |
| 2017 and senior |
$435,000 |
Associates’ 2025 Firm Class Years will be determined and confirmed in early 2025, as associate Firm Class Years may be adjusted by the firm as set forth in the Policy. Written associate evaluation feedback will be communicated to associates on January 3, 2025. Compensation and bonuses for of counsel and professional track timekeepers will be determined on an individual basis.
Base salary adjustments, including increases and retroactive payments, will be reflected in the February 7 pay for US associates who are in good standing and who have met the firm’s performance standards.
On behalf of the entire firm, we thank each of you for your tremendous contributions in 2024. Your hard work and dedication have allowed our firm and our clients to achieve outstanding results.
Best wishes to you and your families for a safe and healthy holiday season. |