Repeatedly this bonus season, boutique corporations have carried out far more than merely match the Cravath/Milbank scale for year-end and special bonuses. The newest agency to take action is providing above-market bonuses to its associates — and supply inform us that in some instances, these bonuses are “considerably” above market.
The newest boutique to unfold the wealth to associates is New York-based funding fund litigation boutique Rolnick Kramer Sadighi. The younger agency not too long ago celebrated its five-year anniversary, and in a LinkedIn post revealed earlier this week, introduced that “its affiliate and counsel bonuses but once more exceeded the Cravath/Milbank year-end and particular bonus scale.”
As a reminder, that is what the prevailing market price for bonuses and particular bonuses appears to be like like this 12 months (give or take the inclusion of the Class of 2025), and RKS is awarding bonuses “above” these quantities:
- Class of 2024 – $20,000 / $6,000
- Class of 2023 – $30,000 / $10,000
- Class of 2022 – $57,500 / $15,000
- Class of 2021 – $75,000 / $20,000
- Class of 2020 – $90,000 / $25,000
- Class of 2019 – $105,000 / $25,000
- Class of 2018+ – $115,000 / $25,000
Congratulations to all Rolnick Kramer Sadighi associates!
Keep in mind everybody, we rely in your tricks to keep on prime of compensation updates, so when your agency proclaims or matches, please textual content us (646-820-8477) or email us (topic line: “[Firm Name] Bonus/Matches”). Please embody the memo if obtainable. You’ll be able to take a photograph of the memo and ship it through textual content or e-mail for those who don’t need 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 at liberty to email her with any ideas, questions, feedback, or critiques. You’ll be able to comply with her on Bluesky, X/Twitter, and Threads, or join together with her on.
