Biglaw may not be able to announce bonuses but, what with a possible wage enhance gumming up the works, however that’s not stopping boutique corporations from firing out the gate with bonuses that’ll make their Biglaw opponents blush.
On that be aware, D.C.-based litigation boutique Wilkinson Stekloff at this time introduced that associates are getting bonuses that completely blow away the Biglaw scale introduced by Milbank earlier this month. In actuality, it isn’t a shock — the agency has confirmed prior to now it has what it takes to beat Biglaw compensation. Wilkinson did so nicely in 2023 that this 12 months’s bonuses are 175% above market bonuses for each class 12 months. That positive is an effective way to point out associates how a lot you respect their exhausting work.
Here’s what the eye-popping 2023 bonus scale appears to be like like on the agency:
- Class of 2023: $26,250
- Class of 2022: $$35,000
- Class of 2021: $52,500
- Class of 2020: $100,625
- Class of 2019: $131,250
- Class of 2018: $157,500
- Class of 2017: $183,750
- Class of 2016+: $201,250
Bonuses shall be paid on December fifteenth. Congratulations to everybody on the agency!
(Flip to the subsequent web page to learn the total memo from Wilkinson Stekloff.)
Remember everybody, we rely in your tricks to keep on prime of vital bonus updates, so when your agency pronounces or matches, please textual content us (646-820-8477) or electronic mail us (topic line: “[Firm Name] Bonus/Matches”). Please embody the memo if accessible. You can take a photograph of the memo and ship it by way of textual content or electronic mail when you don’t wish to ahead the unique PDF or Word file.
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Staci Zaretsky is a senior editor at Above the Law, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to electronic mail her with any ideas, questions, feedback, or critiques. You can comply with her on Twitter and Threads or join along with her on LinkedIn.