Bonus season has formally begun. Cravath, the agency that’s the usual bearer for Biglaw affiliate compensation, has kicked off the 2025 bonus sweepstakes. And Cravath’s not right here for restraint.
The agency introduced year-end bonuses and a spherical of particular bonuses that mirror the Milbank summer bonuses. As mirrored within the chart under, the year-end bonus quantities echo final yr’s bonus scale. Possibly they’re not reinventing the bonus wheel, however there’s a fairly large paycheck headed associates’ approach.
New York and D.C. associates will get their bonuses on December twelfth (with no hours requirement, as per common for the agency), whereas London associates should wait an additional week for the cash to hit their accounts.
And since it’s Cravath, each different Biglaw accomplice simply felt the sudden urge to “circle again” with their govt committees.
Now we await the inevitable parade of matching bulletins. Davis Polk will observe quickly. Paul Weiss will toss in one thing shiny. Latham will ultimately make its transfer, assured as at all times. And each affiliate in Biglaw will spend the subsequent 72 hours refreshing their inbox prefer it’s a Taylor Swift ticket queue.
However for now, Cravath has formally fired the beginning gun.
Bonus season is right here. Might your hours be excessive and your disappointment minimal.
So, is your agency matching *each* the year-end and particular bonuses? Let Above the Regulation know! We rely in your tricks to keep on prime of necessary bonus updates, so when your agency matches (or in the event that they fail to take action), please textual content us (646-820-8477) or email us (topic line: “[Firm Name] Matches”). Please embrace the memo, if obtainable. You’ll be able to take a photograph of the memo and ship it through textual content or electronic mail for those who don’t wish to ahead the unique PDF or Phrase file.
And for those who’d like to enroll in ATL’s Bonus Alerts (which is the alert listing we additionally use for wage bulletins), please scroll down and enter your electronic mail deal with within the field under this publish. When you beforehand signed up for the bonus alerts, you don’t have to do something. You’ll obtain an electronic mail notification inside minutes of every bonus announcement that we publish. Thanks for your whole assist!
Learn the complete memo under.
Kathryn Rubino is a Senior Editor at Above the Regulation, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the most effective, so please join along with her. Be at liberty to electronic mail her with any suggestions, questions, or feedback and observe her on Twitter @Kathryn1 or Mastodon @[email protected].
