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Some of these firms literally give their associate attorneys $400K bonuses (on top of a 200-300K salary). I wouldn't feel bad about it.
by dccoolgai 5y ago
Some of these firms literally give their associate attorneys $400K bonuses (on top of a 200-300K salary). I wouldn't feel bad about it.
- heartbreak 5y agoYou’ve inflated biglaw bonuses for >= 8th year associates by 10x. They’re high, but they’re not that high.
- dccoolgai 5y agohttps://abovethelaw.com/2021/12/litigation-wows-with-bonuses-that-average-way-above-biglaw/ https://abovethelaw.com/2021/12/litigation-wows-with-bonuses... > And even junior associates are taking home more money than the Biglaw standard. But the eye-popping top bonus is an impressive $400,000.
- heartbreak 5y agoYeah that isn't even remotely close to market, which is why ATL was writing about it. Kellogg Hansen pays significantly over market salaries, too. Turns out I was wrong about 8th years, though. This is the scale most biglaw firms adopted this year (https://abovethelaw.com/2021/12/davis-polk-bonuses-21/ https://abovethelaw.com/2021/12/davis-polk-bonuses-21/). We just got memos about $10-20k raises, too, and it looks like Milbank kicked that off yesterday. Still no $400k bonuses unless you're at Wachtell or Kellogg.