We may be in 2022, but that doesn’t mean the Biglaw bonus news is done for the year! And the firm of Irell & Manella made its associates extra happy before 2021 ended.
In 2020, Irell made $132,903,000 in gross revenue making it #183 on the Am Law 200. And the firm has elected to share the wealth with its hardworking associates. Not only are they matching the year-end and special bonuses that have become the industry standard, they are coming over the top with “good year” bonuses, all helpfully spelled out in a chart:
| Class | Market December Bonus (base market plus 20% market “special”) | Irell Additional Good Year December Bonus | Total Irell December 2021
Bonus |
| New Associate (pro-rated for start date) | $15,000 – N/A
$24,000 – 2020 class rate applied |
$15,000 | $39,000 (pro-rated) |
| 1st year (2020) | $24,000 | $15,000 | $39,000 |
| 2nd year (2019) | $36,000 | $15,000 | $51,000 |
| 3rd year (2018) | $69,000 | $20,000 | $89,000 |
| 4th year (2017) | $90,000 | $20,000 | $110,000 |
| 5th year (2016) | $108,000 | $20,000 | $128,000 |
| 6th year (2015) | $126,000 | $30,000 | $156,000 |
| 7th year (2014) | $138,000 | $30,000 | $168,000 |
Bonuses were paid out on December 23rd, meaning it was a very happy holiday indeed.
You can read the full memo on the next page.
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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).
