"Some firms enjoy keeping it cool with associates by offering bonuses on top of bonuses to flex their financial prowess. In fact, the latest firm to announce bonuses announced a different round of bonuses just weeks ago. Sources report that McKool Smith - the Texas-based complex trial firm that's been offering cash to associates hand over fist for years - announced its year-end bonuses earlier this week, and it's not surprising that the firm is matching the Cravath scale, complete with Milbank's summer bonuses,."
"If you recall, just before Thanksgiving, McKool issued special appreciation bonuses to all attorneys at the firm, ranging from $2,500 to $10,000, based on their tenure at the firm. No matter how you cut it, lawyers at McKool are making more money than their colleagues are at other firms. Here's what the base bonus scale looks like at McKool: Bonuses will hit bank accounts prior to December 19, 2025. Congratulations to everyone at McKool Smith!"
McKool Smith, a Texas-based complex trial firm, announced year-end bonuses matching the Cravath scale and Milbank's summer bonuses. The firm offered additional cash to high-performing associates, with some bonuses exceeding market scale by 15%, 25%, or 35% or more. Prior to Thanksgiving, McKool issued appreciation bonuses of $2,500 to $10,000 based on tenure. Bonus payments will hit bank accounts before December 19, 2025. The firm requests tips and memos for compensation updates and maintains an opt-in Bonus Alerts list for immediate notifications of future bonus announcements. Many attorneys at McKool now earn higher total compensation than peers at other firms.
Read at Above the Law
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