Biglaw corporations proceed to match Cravath’s year-end bonuses and Milbank’s particular bonuses, however it’s the boutique corporations the place associates will actually have the chance to stuff their wallets.
This bonus season, boutique corporations have actually unfold the wealth amongst associates, by not simply assembly the market bonus scale, however oftentimes utterly blowing it away. The newest boutique agency handy out unbelievable bonuses to associates is Bursor & Fisher.
Sources on the agency have instructed us that Scott A. Bursor, the agency’s founder, introduced bonuses final week throughout B&F’s year-end evaluations, which have been held on the Aria Resort & On line casino in Las Vegas. All attorneys and workers from the agency’s 4 workplaces in New York, California, and Florida have been flown to Las Vegas and put up on the resort for 4 nights.
Bonuses on the agency aren’t lockstep, and are as a substitute primarily based on goal standards like enterprise origination and income — and at each degree, they have been effectively above the Cravath/Milbank scale (which ranges from $15,000 to $115,000, plus particular bonuses starting from $6,000 to $25,000, in case you’ve forgotten).
So, how huge of bonuses are we speaking?
We’ve been instructed that attorneys on the agency have been very handsomely rewarded for his or her work, with bonuses starting from $50,000 for first-year associates to $100,000 or extra for second-year associates. This 12 months’s high bonus went to an affiliate with three years of expertise on the agency, who took house a bonus that exceeded $770,000. Sure, you learn that accurately — one fortunate affiliate at this agency obtained a bonus of greater than three quarters of 1,000,000 {dollars}.
A really huge congratulations to everybody at Bursor & Fisher. Associates on the agency have to be completely thrilled with their gigantic bonuses!
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 e-mail us (topic line: “[Firm Name] Bonus/Matches”). Please embrace the memo if out there. You’ll be able to take a photograph of the memo and ship it by way of textual content or e-mail in case 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 at liberty to e-mail 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 LinkedIn.
