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Associate Compensation

All articles tagged with #associate compensation

business1 year ago

Top Law Firms Match Milbank's Generous Bonus Scale

Ropes & Gray has announced it will match Milbank's bonus scale for its US-based partnership track associates who meet the 1900-hour threshold, with potential for additional bonuses for those exceeding expectations. The firm, ranked 8th on the Am Law 200 with nearly $3 billion in revenue, plans to distribute bonuses on December 24. The announcement encourages associates to report their firm's bonus matches to Above the Law for updates.

business1 year ago

Cravath and BigLaw Firms Align on Year-End and Special Bonuses

Cravath has announced both year-end and special bonuses for its associates, matching the bonus scale set by Milbank. These bonuses will be distributed in December across their New York, D.C., and London offices without specific billable hours requirements. This move is expected to influence other major Biglaw firms to follow suit in their bonus offerings.