This bonus season has been a mad sprint to match the Cravath/Milbank year-end and particular bonuses which have develop into the market customary, and because it seems, we’re simply now listening to about one of many early adopters of the prevailing bonus scale. Again in November, considered one of Biglaw’s most profitable companies gave associates much more to be glad 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 will be matching the prevailing market charge for each year-end and particular bonuses. On prime of all of that money, we’ve been informed that associates with excellent efficiency are eligible for extra “extraordinary” above-market bonuses. Right here’s what the year-end and particular bonuses appear to be 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!
Keep in mind everybody, we rely in your tricks to keep on prime 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 embody the memo if obtainable. You’ll be able to take a photograph of the memo and ship it by way of textual content or e-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 e-mail her with any suggestions, questions, feedback, or critiques. You’ll be able to comply with her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
