Boies Schiller Leads BigLaw's Bonus Surge with Million-Dollar Payouts
Boies Schiller Flexner is offering year-end associate bonuses that surpass $1 million for some, exceeding the typical market scale set by firms like Milbank and Cravath Swaine & Moore. This move comes as the firm has improved its financial performance, with revenues rising to $246 million in 2023. The firm uses an individualized approach to determine bonuses, considering factors like client business origination and hours worked. Additionally, Boies Schiller is enhancing recruitment efforts with referral and signing bonuses to attract top legal talent.