Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Are you expecting a year-end bonus this year? https://t.co/mR1u8ZW6oY
As a growing number of firms have done in recent weeks, the Am Law 100 firm is issuing bonuses starting at $15,000 for the class of 2024 and running up to $115,000 for the class of 2017 and beyond, according to a memo published by Above the Law. https://t.co/Nvs34XZ55x
Will Other Biglaw Firms Skip Out On Matching Milbank’s Special Bonuses? https://t.co/SUKcMOx0tT
Litigation boutique law firms are increasingly offering high-dollar bonuses to associates, with some firms matching or surpassing market rates. Notably, Arnold & Porter has announced a year-end bonus structure that requires a billable threshold for special bonuses. The bonuses for associates range from $15,000 for the class of 2024 to $115,000 for those in the class of 2017 and beyond, as reported in a memo. Meanwhile, two major law firms have opted not to provide special bonuses, raising questions about whether other firms will follow suit in matching the special bonuses introduced by Milbank. As the year-end approaches, several top 50 BigLaw firms have yet to announce their bonus plans.
