It’s
officially
bonus
season,
which
is
the
most
wonderful
time
of
the
year
as
far
as
Biglaw
associates
are
concerned.
Now
that
firms
are
stepping
up
to
the
plate
to
match
Milbank’s
year-end
bonuses
and
special
bonuses,
lawyers
have
a
lot
more
to
be
thankful
for
this
year.
The
latest
firm
to
announce
bonuses
is
Skadden
Arps,
which
brought
in
$3,270,091,000
gross
revenue
in
2023,
putting
it
at
No.
5
on
the
Am
Law
100.
The
elite
firm
is
of
course
matching
the
generous
Milbank
bonus
scale,
but
is
offering
extra
cash
for
its
most
experienced
associates
—
something
that
other
firms
may
want
to
start
doing
to
recognize
their
incredibly
hard
work.
That
said,
here’s
what
bonuses
looks
like
at
the
Skadden:
|
Class Year |
Bonus* |
December Special Bonus* |
|
2017 & Sr. |
$115,000 or $125,000 |
$25,000 |
| 2018 |
$105,000 or $115,000 |
$25,000 |
| 2019 | $90,000 | $25,000 |
| 2020 | $75,000 | $20,000 |
| 2021 | $57,500 | $15,000 |
| 2022 | $30,000 | $10,000 |
| 2023 | $20,000 | $6,000 |
| 2024 | $15,000 | $6,000 |
Congratulations
to
everyone
at
Skadden!
(Flip
to
the
next
page
to
read
the
full
memo
from
the
firm.)
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.
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
X/Twitter
and
Threads
or
connect
with
her
on
LinkedIn.
