Well, well, well, what do we have here? It’s another match!
Cadwalader — a firm that brought in $608,953,000 gross revenue in 2021, putting it in 73rd place in the most recent Am Law 100 — has stepped into the Biglaw bonus zone. The firm is offering associates the prevailing market rate, which in this case, goes up to $115,000 for its most senior associates.
Here’s the bonus scale, in case you’ve forgotten what it looks like:
- Class of 2022: $15,000 (pro-rated)
- Class of 2021: $20,000
- Class of 2020: $30,000
- Class of 2019: $57,500
- Class of 2018: $75,000
- Class of 2017: $90,000
- Class of 2016: $105,000
- Class of 2015: $115,000
As an extra bonus for the firm’s highest billers — we’re talking associates who have logged 2200 or more hours — year-end bonuses of 120% of the amounts listed above will be awarded. Very exciting news!
Congratulations on your bonuses, Cadwalader associates! You can look forward to seeing the money in your accounts at the end of February 2023.
(Flip to the next page to see the full memo from Cadwalader.)
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm announces or 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 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.
