"The week after Thanksgiving is known for being kind of a drag, but nothing lightens the mood more than Biglaw firms announcing that they're handing out bonuses on top of bonuses on top of bonuses. Which firm is the latest to announce its year-end bonus scale? That would be Sidley Austin, a firm that took in $3,439,646,000 gross revenue in 2024, putting it at No. 6 on the latest Am Law 100."
"The elite firm recently let associates know that it would be matching the Cravath scale, complete with Milbank's summer bonuses, for those who have met their 2000-hour billable requirement. Those who weren't able to meet the minimum "may be recognized with partial bonuses." Here's what the bonus scale looks like at Sidley: Associates who have gone above and beyond - i.e., those who have "higher productivity and/or exceptional performance" - will be rewarded with even more money."
Sidley Austin reported $3,439,646,000 in gross revenue for 2024 and ranks No. 6 on the Am Law 100. The firm will match the Cravath year-end bonus scale and include Milbank-style summer bonuses for associates who meet a 2000-hour billable requirement. Associates who fail to meet the minimum may receive partial bonuses. Associates with higher productivity or exceptional performance will receive additional bonuses exceeding base amounts, sometimes more than 50% above base. Bonuses will be paid before December 31, 2025. Readers are asked to submit firm bonus memos and can sign up for bonus alerts.
Read at Above the Law
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