Top 10 Biglaw Firm Announces Bonuses For Associates - Offering Extra Cash For Big Billers - Above the Law
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Top 10 Biglaw Firm Announces Bonuses For Associates - Offering Extra Cash For Big Billers - Above the Law
"Ropes & Gray - a firm that brought in $3,416,636,000 gross revenue in 2024, putting it at No. 7 on the most recent Am Law 100 - has announced a Cravath match for year-end bonuses for those who have met 1900 creditable hours, and a Milbank match for special bonuses. This is what the firm's bonus scales look like (note that for the Class of 2017 and beyond, Ropes is offering associates $15,000 in additional bonus money):"
"In addition to matching both the year-end and the special bonus scales, the firm is offering bonuses that "may be increased up to 150% of the year-end bonus amounts" for those who have billed "materially more" than their 1900-hour billable expectation. Congratulations to everyone at Ropes & Gray! Remember everyone, we depend on your tips to stay on top of compensation updates, so when your firm announces or matches, please text us (646-820-8477) or email us (subject line: "[Firm Name] Bonus/Matches")."
Ropes & Gray announced matching of the Cravath year-end bonus scale for associates who meet 1900 creditable hours and matching of Milbank special bonuses. The firm reported $3,416,636,000 gross revenue in 2024 and ranked No. 7 on the Am Law 100. Year-end bonuses range from $15,000 (Class of 2025, prorated) to $130,000 (Class of 2017 and beyond), with a $15,000 additional amount for Class of 2017 and later. Bonuses may be increased up to 150% for associates who bill materially more than the 1900-hour expectation. Contact details are provided for submitting bonus memos and tips.
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