#associate-bonuses

#associate-bonuses

Bonus news is still coming in at Biglaw firms. The latest firm to announce a market match on associate bonuses is Katten Muchin Rosenman. Well, if you've been busy billing - and the bonus amount keeps going up the more you bill. Sure, the year-end bonus schedule at Katten is a little more complex then most. But associates can take down market bonuses once they bill 2,000 hours. Additional billables are rewarded as per this chart.

There's a high-priority email associates are looking for this time of year - the one with a bonus announcement. Thankfully, Linklaters associates are done with the wait. The firm raked in a whopping $2,965,192,000 in gross revenue in 2024, according to American Lawyer. Coffers that rich make it easy to spread the wealth around via bonuses and special bonuses. Here's the scale:

Break out the stretchy pants and gratitude journals, because McKool Smith, the Texas-based complex trial firm that's been handing out money to associates hand over fist for years, just dropped a little holiday surprise on its associates: special Thanksgiving bonuses, ranging from $2,500 to $10,000 depending on seniority. Yes, in addition to year-end bonuses. It's not quite Milbank's summer "please love us, please stay, please bill" bonus extravaganza, but McKool's offering is nothing to sneeze at.

Partners have reportedly taken a break from the million-dollar summer homes their associates toil to make possible to let the rabble know that their hefty bonuses might be "in jeopardy" because they haven't done enough hallway waving this quarter.