As 2021 rolls to a close, it is nice to do some reflection on how the year — the second of the COVID pandemic — treated you. For Biglaw firms, the answer to how was 2021 seems to be an enthusiastic “awesome,” at least as it pertains to finances. Biglaw had a banger 2021 as far as money goes, and firms are sharing that good fortune with the associates who got them there.
West Coast mainstay Wilson Sonsini Goodrich & Rosati have announced their annual bonuses. The firm, which had $1,130,000,000 in gross revenue last year, making it 36th on the Am Law 100, will be matching the market rate for year-end and special bonuses popularized a few weeks ago. That is, if the associates bill enough.
Associates who hit the firm’s 1,950-hour billing requirement will be eligible for bonuses according to the following scale:
|Associate Level||Comp Year||Year-End Bonus||Special Bonus|
You can read the full memo on the next page.
*** Wondering if the grass is greener on the in-house side? Click here for a look inside the black box of corporate counsel pay in our 2021 In-House Compensation Report. ***
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
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