"Sources at the firm have told us that Scott A. Bursor, the firm's founder, announced bonuses last week during B&F's year-end reviews, which were held at the Aria Resort & Casino in Las Vegas. All lawyers and staff from the firm's four offices in New York, California, and Florida were flown to Las Vegas and put up at the resort for four nights."
"Bonuses at the firm are not lockstep, and are instead based on objective criteria like business origination and revenue - and at every level, they were well above the Cravath/Milbank scale (which ranges from $15,000 to $115,000, plus special bonuses ranging from $6,000 to $25,000, in case you've forgotten). We've been told that lawyers at the firm were very handsomely rewarded for their work, with bonuses ranging from $50,000 for first-year associates to $100,000 or more for second-year associates."
Bursor & Fisher handed out year-end bonuses well above market, flying all lawyers and staff from four offices to the Aria Resort & Casino in Las Vegas for reviews and lodging. Bonuses are awarded non-lockstep and tied to objective measures such as business origination and revenue. Awards outpaced the Cravath/Milbank scale, which ranges from $15,000 to $115,000 with special bonuses of $6,000 to $25,000. Bonuses reported range from $50,000 for first-year associates to $100,000 or more for second-year associates. The highest bonus exceeded $770,000 and went to a three-year associate. Associates received substantial rewards.
Read at Above the Law
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