"Biglaw's bonus season is moving right on schedule, with firms steadily matching the now-prevailing scales. Cravath once again set the year-end bonus structure, while Milbank set the bar for special bonus scales, and the industry has wasted no time following suit. One by one, firms are confirming that this year's bonus picture looks very familiar - and very lucrative - for associates."
"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"). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don't want to forward the original PDF or Word file."
Bonus season is proceeding with firms matching prevailing scales set by Cravath (year-end) and Milbank (special bonuses). The industry has quickly followed suit, with several firms confirming market matches and familiar, lucrative bonus structures for associates. Freshfields matched the market, reporting $2,981,807,000 gross revenue in 2024 and ranking No. 13 on the Global 100. Bonuses at Freshfields will be paid December 30. Readers are asked to submit tips via text (646-820-8477) or email with subject "[Firm Name] Bonus/Matches" and include memos or photos. Signup is available for ATL's Bonus Alerts; existing subscribers need not re-register.
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