Sunday, November 24, 2024
BigLaw Associate Compensation Soars To $251k For 1st Years, $575k For 8th Years
| Year | Salary | Bonus 1 | Bonus 2 | Total |
| 1st | 225,000 | 6,000 | 20,000 | 251,000 |
| 2nd | 235,000 | 10,000 | 30,000 | 275,000 |
| 3rd | 260,000 | 15,000 | 57,500 | 332,500 |
| 4th | 310,000 | 20,000 | 75,000 | 405,000 |
| 5th | 365,000 | 25,000 | 90,000 | 480,000 |
| 6th | 390,000 | 25,000 | 105,000 | 520,000 |
| 7th | 420,000 | 25,000 | 115,000 | 560,000 |
| 8th | 435,000 | 25,000 | 115,000 | 575,000 |
Above the Law, Associate Bonus Watch 2024:
- Holwell Shuster & Goldberg
- McDermott Will & Emery
- Milbank
- O’Melveny & Myers
- Paul Hastings
- Paul Weiss
- Ropes & Gray
- Skadden
- Vartabedian Hester & Haynes
- Weil Gotshal & Manges
- White & Case
- ABA Journal, More BigLaw Firms Match Milbank's Year-End and Special Bonuses for Associates
- American Lawyer, Big Law Expected To Follow Milbank's Lead With Associate Year-End Bonuses
- American Lawyer, More Big Law Firms Rush to Match Associate Bonuses
- Bloomberg Law, Milbank's Year-End Bonuses Bring Pressure on Big Law to Match
- Law360, BigLaw Begins Matching Milbank On Associate Bonuses
- Reuters, Big Bonuses Spread at Large US Law Firms After Milbank, Cravath Moves
Prior TaxProf Blog coverage:
https://taxprof.typepad.com/taxprof_blog/2024/11/biglaw-associate-compensation-soars-to-251k-for-1st-years-575k-for-8th-years.html
