Biglaw corporations proceed to match Cravath’s year-end bonuses and Milbank’s special bonuses, nevertheless it’s the boutique corporations the place associates will actually have the chance to stuff their wallets.
This bonus season, boutique corporations have actually unfold the wealth amongst associates, by not simply assembly the market bonus scale, however oftentimes fully blowing it away. The most recent boutique agency handy out unbelievable bonuses to associates is Bursor & Fisher.
Sources on the agency have informed us that Scott A. Bursor, the agency’s founder, introduced bonuses final week throughout B&F’s year-end evaluations, which have been held on the Aria Resort & On line casino in Las Vegas. All legal professionals and employees from the agency’s 4 places of work in New York, California, and Florida have been flown to Las Vegas and put up on the resort for 4 nights.
Bonuses on the agency are usually not lockstep, and are as a substitute primarily based on goal standards like enterprise origination and income — and at each degree, they have been properly above the Cravath/Milbank scale (which ranges from $15,000 to $115,000, plus particular bonuses starting from $6,000 to $25,000, in case you’ve forgotten).
So, how large of bonuses are we speaking?
We’ve been informed that legal professionals on the agency have been very handsomely rewarded for his or her work, with bonuses starting from $50,000 for first-year associates to $100,000 or extra for second-year associates. This yr’s prime bonus went to an affiliate with three years of expertise on the agency, who took residence a bonus that exceeded $770,000. Sure, you learn that accurately — one fortunate affiliate at this agency acquired a bonus of greater than three quarters of one million {dollars}.
A really large congratulations to everybody at Bursor & Fisher. Associates on the agency have to be completely thrilled with their gigantic bonuses!
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Staci Zaretsky is the managing editor of Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to email her with any ideas, questions, feedback, or critiques. You may comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
