Biglaw bonus season has been largely predictable, with many high companies taking part in comply with the chief with regards to their bonus and wage scales. One agency, nonetheless, raised the stakes on compensation this summer season, kicking its wage scale up a notch whereas matching Milbank’s particular bonuses on the identical time. Now that bonus season is right here, that agency is as soon as once more strutting its stuff with regards to its monetary prowess, providing associates bonuses of as much as $240,000.
The agency we’re talking of is in fact Axinn, which in early September introduced a wage scale starting from $250,000 for first-years to $460,000 for eighth-years – – $25,000 above the present Biglaw wage scale for every class yr. Whereas Biglaw companies are trotting out the identical outdated lockstep wage scale this vacation season, Axinn is retaining its enhanced one.
So far as bonuses are involved, the agency is handing out base bonuses for associates on the prevailing market fee, but it surely’s additionally providing bonuses at effectively above the market fee for a lot of of its hardworking attorneys. Sources inform us that some associates on the agency have earned bonuses of as much as $100,000 above market, whereas others are bringing dwelling whole bonuses of as much as $240,000. Now that’s an actual reward!
The agency’s bountiful bonuses will likely be paid out on Friday, December 19. Congratulations to everybody at Axinn!
Keep in mind everybody, we rely in your tricks to keep on high of compensation updates, so when your agency publicizes or matches, please textual content us (646-820-8477) or email us (topic line: “[Firm Name] Bonus/Matches”). Please embrace the memo if out there. You possibly can take a photograph of the memo and ship it by way of textual content or electronic mail for those who don’t wish to ahead the unique PDF or Phrase file.
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Staci Zaretsky is the managing editor of Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any ideas, questions, feedback, or critiques. You possibly can comply with her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
