• Recruiter Insight | Business Instinct | Legal Intuition
  • Latest Blog

      July 1, 2018

      Update July 1, 2018 - Cravath, who has traditionally been the first mover who sets the market, has now raised the bar for 2018 associate raises. They have announced a new pay scale that matches Milbank for junior associates and exceeds it by $5,000 for midlevel associates and by $10,000 for senior...

  • 2016 Associate Attorney Bonuses

    Associate Attorney Bonuses

    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.

    Paul Weiss
    Simpson Thacher
    Cleary Gottlieb
    Willkie Farr
    Holwell Shuster
    Weil Gotshal
    Davis Polk
    Allen & Overy
    Ropes & Gray
    Shearman + Sterling
    Clifford Chance
    Fried Frank
    Wilkinson Walsh
    Covington & Burling
    Boies Schiller
    Greenberg Gross
    Cahill Gordon
    Hueston Hennigan
    Susman Godfrey
    Schulte Roth & Zabel
    Sullivan & Cromwell
    Eimer Stahl
    Sidley Austin
    Akin Gump
    Gibson Dunn
    Arnold & Porter
    Kirkland & Ellis