Biglaw
are
matching
bonuses
like
it’s
going
out
of
style
now
that
Cravath
has
signed
off
on
Milbank’s
incredibly
generous
bonus
scale,
with
year-end
bonuses
and
special
bonuses
ranging
up
to
$140,000
for
associates.
For
some
firms,
though,
these
market
bonuses
are
just
the
base
line
—
as
it
turns
out,
there’s
a
great
deal
of
extra
bonus
money
to
be
had.
Just
how
much
extra
bonus
money
are
we
talking?
On
Friday
afternoon,
Schulte
Roth
&
Zabel
announced
that
the
firm
would
be
matching
the
Milbank
scale.
With
a
maximum
bonus
potential
for
senior
associates
of
nearly
$200,000,
SRZ
is
in
it
to
win
it.
The
firm
—
which
brought
in
$545,430,000
gross
revenue
in
2023,
putting
it
at
No.
95
on
the
Am
Law
100
—
is
now
the
second
one
outside
of
the
Am
Law
Top
50,
excluding
boutiques,
to
make
this
match.
Here’s
what
bonuses
looks
like
at
SRZ:
Schulte
is
once
again
offering
step-up
bonuses
to
associates
who
have
really
dedicated
themselves
to
the
firm
through
their
billable
hours.
Here’s
an
excerpt
from
the
memo:
The
Firm
will
again
reward
associates
who
have
made
extraordinary
contributions
to
the
Firm
and
our
clients
with
additional
bonuses,
ranging
from
$3,000
to
$51,750.
For
example,
an
associate
in
the
class
of
2017
is
eligible
to
receive
a
maximum
total
bonus
of
$191,750
for
2024.
These
above-market
bonuses
are
quite
the
“thank
you”
for
the
incredibly
hard
work
associates
have
been
putting
in
this
year.
A
source
at
the
firm
tells
Above
the
Law,
“I
think
plenty
of
people
will
be
getting
way
above
market
comp.”
Very
exciting
news.
Congratulations
to
everyone
at
Schulte
Roth
&
Zabel!
(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.
