Perchance To Dream (Of Bonuses And Raises At This Firm)
Do you believe in Magic (circles)?
Clifford the Big Raise Law Firm arrived on the scene this morning, delivering good news to its US associates. With over $2.5B in gross revenue and sitting at 13th on the G200, Clifford Chance will match the Cravath scale on all counts.
As a reminder, that puts the new associate salary schedule at:
| Class | Bonus |
| Class of 2023 | $225K |
| Class of 2022 | $235K |
| Class of 2021 | $260K |
| Class of 2020 | $310K |
| Class of 2019 | $365K |
| Class of 2018 | $390K |
| Class of 2017 | $420K |
| Class of 2016+ | $435K |
And bonuses will be issued at:
| Class | Bonus |
| Class of 2023 | $15K (pro-rated) |
| Class of 2022 | $20K |
| Class of 2021 | $30K |
| Class of 2020 | $57.5K |
| Class of 2019 | $75K |
| Class of 2018 | $90K |
| Class of 2017 | $105K |
| Class of 2016+ | $115K |
Associates won’t see these payouts until January 12, meaning the London-based firm will fittingly wait until after the holidays to start shedding some pounds.
Memo on the next page…
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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
