"Bonus season is off to a great start, with Cravath leading the Biglaw pack in the annual follow-the-leader of compensation announcements. The elite firm's 2025 year-end bonuses echo last year's scale, and include Milbank's special bonuses as well. Which firm is the latest to match these bountiful bonus bucks? To be frank, we're not surprised about this one, since the firm is "committed to paying competitive compensation.""
"In addition to these year-end and special bonuses (available to those who recorded a minimum of 1850 hours), Fried Frank is offering up premium bonuses for associates who reach 2200 hours or 2450 hours, ranging from $3,000 to $34,500 above market bonuses, which is a pretty nice payday for hardworking attorneys. Cash will hit bank accounts for associates at the firm before December 31.Congratulations to everyone at Fried Frank!"
Cravath set the 2025 year-end bonus scale that several elite firms are matching. Fried Frank matched that scale and noted its commitment to competitive compensation. Fried Frank reported $1,136,370,000 in gross revenue and $5,184,000 profits per equity partner in 2024. The firm is offering the matched bonus scale to associates in New York, Washington, DC, and London. Year-end and special bonuses require a minimum of 1,850 recorded hours. Additional premium bonuses apply for associates who record 2,200 or 2,450 hours, ranging from $3,000 to $34,500 above market. Cash payments will be made before December 31.
Read at Above the Law
Unable to calculate read time
Collection
[
|
...
]