This bonus season has been a mad sprint to match the Cravath/Milbank year-end and special bonuses which have grow to be the market commonplace, and because it seems, we’re simply now listening to about one of many early adopters of the prevailing bonus scale. Again in November, certainly one of Biglaw’s most profitable corporations gave associates much more to be pleased about, simply earlier than Thanksgiving.
Sources inform us that on November 24, Morgan Lewis — a agency that introduced in $3,098,511,000 gross income in 2024, placing it at No. 10 on the Am Regulation 100 — introduced that it might be matching the prevailing market fee for each year-end and particular bonuses. On high of all of that money, we’ve been instructed that associates with excellent efficiency are eligible for extra “extraordinary” above-market bonuses. Right here’s what the year-end and particular bonuses seem like on the agency:
- 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
Associates on the agency will see their bonuses come January 2026. Congratulations to everybody at Morgan Lewis!
Bear in mind everybody, we rely in your tricks to keep on high of compensation updates, so when your agency pronounces 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 possibly can take a photograph of the memo and ship it through textual content or electronic mail in the event you 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.
