Biglaw firms continue to spread the wealth to associates across the country after a successful financial year by announcing matches of Milbank’s generous year-end and special bonuses. The latest law firm to offer big-money bonuses did so just after Christmas, leaving associates excited to start the New Year.
Holland & Knight — a firm that brought in $1,849,319,000 gross revenue in 2023, putting it at No. 25 on the Am Law 100 — made its match on December 27, but only for some associates in some offices. Here’s the firm’s bonus grid:
Associates in Group 1 are located in the firm’s more regional offices (i.e., Birmingham, Chattanooga, Jacksonville, Nashville, Orlando, Portland, Richmond, Tallahassee, and Tampa), while associates in Group 2 are located in the firm’s major market offices (i.e., Atlanta, Austin, Boston, Century City, Charlotte, Chicago, Dallas, Denver, Fort Lauderdale, Houston, Los Angeles, Miami, New York, Newport Beach, Philadelphia, San Francisco, Stamford, Tysons, Washington, D.C., and West Palm Beach).
On top of its Milbank match, H&K will also award additional bonus money to associates whose performance was “exceptional,” based on billable hours and/or originations. Those who came close to meeting their target hours (2,000) but didn’t quite get there will be considered for partial bonuses. Everyone will receive their bonuses sometime in the first quarter of 2025, after their performance evaluations.
Congratulations to all associates at Holland & Knight!
(Flip to the next page to see the full memo.)
Remember everyone, we depend on your tips to stay on top of compensation updates, so when your firm announces or matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Bonus/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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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 Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
