Biglaw firms are releasing news about their year-end and special bonuses at a rapid-fire pace. It’s Friday, after all, and what better time to let your attorneys know that their bank accounts will soon be flush with cash?
The latest firm to make a bonus announcement is Kramer Levin. After bringing in $390,000,000 gross revenue in 2020, the firm came in at No. 98 in the most recent Am Law 100 ranking. Kramer Levin is matching the prevailing market scale for bonuses. Check it out:
Not to worry, first-years! The firm is handing out prorated $15K bonuses for the Class of 2021, it’s just not listed here in the firm’s bonus table. Special counsel at will also be getting a cut of the firm’s bonuses, in amounts up to $120,000, as well as a special bonus of up to $23,000.
Bonus money will land in attorneys’ accounts on February 15, 2022. Congrats!
(Flip to the next page to read the full memo from Kramer Levin.)
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.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.