On Monday November 28th, bonus season officially began for AmLaw 100 firms when the elite New York firm Cravath, Swaine & Moore announced associate attorney bonuses. Cravath has long been the market leader when it comes to associate compensation, so it wasn’t a surprise that many large law firms followed Cravath’s announcement with associate bonus announcements of their own. In most cases the firms matched the Cravath scale, but in some rare cases, firms beat the Cravath scale.
2016 Associate Attorney Bonuses
What is the Cravath Scale?
Class of 2016 — $15,000 (pro-rated)
Class of 2015 — $15,000
Class of 2014 — $25,000
Class of 2013 — $50,000
Class of 2012 — $65,000
Class of 2011 — $80,000
Class of 2010 — $90,000
Class of 2009 — $100,000
Class of 2008 — $100,000
Before the announcement, there was speculation about whether the bonuses would be as high this year, given the significant associate raises that were announced earlier this year.
So which firms have announced bonuses so far? The list below outlines each firm that has announced bonuses with a hyperlink to the post on AboveTheLaw.com that outlines the firm’s detailed bonus scale.