The winter holidays are simply across the nook, however Biglaw companies nonetheless have ample time to provide their associates the best present of all: More cash. In any case, matching the Cravath year-end bonus and Milbank particular bonus scales isn’t a lot to ask, now could be it? The truth is, one prime agency not too long ago gave its attorneys the all clear to unwrap some chilly, onerous money.
That agency is Sullivan & Cromwell. After bringing dwelling $2,050,719,000 gross income in 2024, the agency got here in at No. 25 in the newest Am Legislation 100 rating. S&C doesn’t publish memos associated to compensation, however as an alternative sends out individualized hyperlinks to its attorneys. Based on our sources, the agency is following the market and matching the prevailing market fee on bonuses. Right here’s what the bonus scale appears like at SullCrom:
- Class of 2025 – $15,000 (prorated) / $6,000 (prorated)
- 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
Bonuses on the agency will likely be paid out simply earlier than Christmas. Congratulations to everybody at Sullivan & Cromwell!
Bear in mind everybody, we rely in your tricks to keep on prime of compensation updates, so when your agency declares or matches, please textual content us (646-820-8477) or email us (topic line: “[Firm Name] Bonus/Matches”). Please embrace the memo if obtainable. You possibly can take a photograph of the memo and ship it by way of textual content or e mail when you don’t need to ahead the unique PDF or Phrase file.
And when you’d like to join ATL’s Bonus Alerts (which is the alert record we additionally use for wage bulletins), please scroll down and enter your e mail tackle within the field beneath this put up. In the event you beforehand signed up for the bonus alerts, you don’t have to do something. You’ll obtain an e mail notification inside minutes of every bonus announcement that we publish. Thanks on your assist!
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 happy to email her with any ideas, questions, feedback, or critiques. You possibly can observe her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
