Associate Compensation Scorecard: Biglaw’s 2024 Bonus Boom – Above the Law

Firm
Date
Matched
Minimum
Hours
Payout
Date
Milbank
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2016:
$115K
/
$25K FIRST
MOVER
November
11,
2024 None On
or
before
December
31,
2024
Vartabedian
Hester
&
Haynes
Class
of
2024:
$15K
/
$6K
Class
of
2016:
$115K
/
$25K November
13,
2024 1800
hours On
or
before
December
31,
2024
Cravath
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017:
$115K
/
$25K November
19,
2024 None December
13,
2024
Paul
Hastings
Class
of
2023:
$20K
/
$6K
Class
of
2017+:
$115K
/
$25K November
20,
2024 2000
hours February
14,
2025
Ropes
&
Gray
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2016+:
$130K
/
$25K November
20,
2024 1900
creditable
hours
(increased
bonuses
for
associates
who
annualized
above
hourly
target) December
24,
2024
Fried
Frank
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
20,
2024 1850
hours
for
special
bonus
(including
billable,
pro
bono,
qualified
nonbillable,
and
firm
matter
hours);
associates
eligible
for
“premium”
bonus
ranging
from
$3K
to
$34.5K On
or
before
December
31,
2024
McDermott
Will
&
Emery
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
20,
2024 2000
hours
(merit
bonuses
available
for
eligible
associates;
“two-thirds”
of
associates
will
see
bonuses
above
market) December
27,
2024
Cleary
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
21,
2024 None December
20,
2024
Paul
Weiss
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
21,
2024 None December
20,
2024
Dechert
Class
of
2023:
$20K
/
$6K
Class
of
2017+:
$115K
/
$25K November
21,
2024 1950
hours
(client
billable,
pro
bono,
firm
as
client,
maximum
of
50
community
hours);
associates
who
exceeded
hours
expectations
eligible
to
receive
an
“extraordinary”
bonus
(i.e.,
2200
hours
=
addt’l
30%;
2400+
hours
=
addt’l
40%) By
or
before
end
of
January
2025
O’Melveny
Class
of
2024:
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
21,
2024 None Undisclosed
Holwell
Shuster
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
21,
2024 None On
or
before
December
31,
2024
Davis
Polk
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
22,
2024 None December
27,
2024
Weil
Gotshal
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
22,
2024 None January
31,
2025
White
&
Case
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017:
$115K
/
$25K November
22,
2024 Eligibility
criteria
detailed
in
separate
memo February
14,
2025
Skadden
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
or
$125K
/
$25K November
22,
2024 1800
“productive
hours”
(including
unlimited
pro
bono
time
and
up
to
150
hours
of
productive
non-billable
work) December
13,
2024
Cadwalader
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2016:
$115K
/
$25K November
22,
2024 Additional
bonuses
“equal
to
120%
of
[market
bonuses]”
for
high
billers
with
2200
hours
or
more By
or
before
end
of
February
2025
Proskauer
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2016:
$115K
/
$25K November
22,
2024 None On
or
before
December
24,
2024
Schulte
Roth
&
Zabel
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
22,
2024 2000
hours;
step-up
bonuses
from
$3K
to
$51.75K
for
associates
who
have
made
“extraordinary
contributions”
to
the
firm) January
27,
2025
Covington
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
22,
2024 2000
hours;
(associates
will
see
a
10%
bonus
increase
at
2200
hours,
and
another
10%
bonus
increase
2400
hours) January
2025
Willkie
Farr
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
22,
2024 None December
31,
2024
Akin
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
22,
2024 1950
hours
(including
pro
bono
hours,
general
counsel
hours,
business
development
hours,
and
up
to
100
hours
of
time
spent
on
recruiting,
diversity
&
inclusion,
and/or
innovation
activities);
associates
with
“exceptional”
performance
will
receive
larger
bonuses February
2025
Sidley
Class
of
2023:
$20K
/
$6K
Class
of
2016:
$115K
/
$25K November
25,
2024 2000
hours
required
for
base
bonuses;
associates
with
“higher
productivity
and/or
exceptional
performance”
will
receive
additional
bonuses,
up
to
“more
than
50%
above
base
bonus” Prior
to
December
31,
2024
Baker
Botts
Class
of
2023:
$20K
/
$6K
Class
of
2017+:
$115K
/
$25K November
25,
2024 Based
on
hours
(“enhanced”
bonuses
available
for
“exceptional”
performance) Undisclosed
A&O
Shearman
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
25,
2024 2000
hours
(including
a
minimum
of
25
pro
bono
hours
and
up
to
100
investment
hours
(e.g.,
DEI/mental
health;
personal
development/training;
community
involvement;
management
&
talent
development;
knowledge
development;
origination,
client
relationships,
business
development;
and
market
innovation
group)) January
31,
2025
Katten
Muchin
Class
of
2023:
$20K
/
$6K
Class
of
2017+:
$115K
/
$25K November
25,
2024 2000
hours
(2100
hours
for
$22K-$126.5K;
2200
hours
for
$24K-$138K;
2300
hours
for
$26.5K-$149.5K;
2400
hours
for
$31K-$172.5K);
additional
“superstar”
bonuses
available February
3,
2025
Vinson
&
Elkins
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
25,
2024 Based
on
hours
and
good
standing;
“supplemental
bonuses”
available
for
associates
who
had
an
“exemplary
year” On
or
about
January
31,
2025
Debevoise
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
26,
2024 None Undisclosed
Clifford
Chance
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
26,
2024 None
(based
on
overall
performance,
quality
of
work,
contributions
to
firm,
teamwork,
and
pro
bono) January
15,
2025
Mayer
Brown
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K November
26,
2024 2000
hours;
associates
eligible
for
addt’l
bonuses
based
on
performance February
28,
2025
Gibson
Dunn
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017:
$115K
/
$25K November
27,
2024 Undisclosed Undisclosed
Seward
&
Kissel
Class
of
2023:
$20K
/
$6K
Class
of
2017+:
$115K
/
$25K November
27,
2024 2000
hours
(1850
billable
hours
and
150
qualified
non-billable
hours);
2200
hours
for
special
bonus
(1850
billable
hours
and
150
qualified
non-billable
hours;
associates
who
“substantially”
exceed
the
eligibility
requirements
for
special
bonuses
may
receive
an
“increased”
special
bonus) First
quarter
of
2025
Fish
&
Richardson
Entry-Level:
$15K
/
$6K
(prorated)
A7:
$115K
/
$25K November
27,
2024 2100
hours
(including
up
to
200
pro
bono/DEI/pitch
hours)
or
strongest
reviews
based
on
quality
of
work December
26,
2024
Morgan
Lewis
Class
of
2023:
$20K
/
$6K
Class
of
2017+:
$115K
/
$25K November
27,
2024 1900+
hours
(20
of
which
must
be
pro
bono
hours) January
31,
2025
Wilkinson
Stekloff
Class
of
2024:
$22.5K
/
$6K
Class
of
2017:
$172.5K
/
$25K December
3,
2024 None By
December
13,
2024
Norton
Rose
Fulbright
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
3,
2024 1900
hours
(including
50
FIT
hours)
for
special
bonus
eligibility January
31,
2025
Kramer
Levin
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
4,
2024 Eligible
associates
in
good
standing
will
receive
bonuses February
14,
2025
Cahill
Class
of
2024:
$15K
/
$7.5K
(prorated)
Class
of
2016:
$115K
/
$40K December
5,
2024 Select
associates
in
Classes
of
2017-2020
who
have
demonstrated
“extraordinary”
performance
eligible
for
a
“super
bonus”
up
to
$200K
(based
on
performance
and
seniority)
in
lieu
of
special
bonus Second
half
of
January
2025
Ross
Aronstam
Class
of
2022:
$30K
/
$10K
Class
of
2016:
$115K
/
$25K December
5,
2024 None December
15,
2024
AZA
Class
of
2024:
$15K
/
$6K
Class
of
2021:
$57.5K
/
$15K December
6,
2024 None
(based
on
overall
performance;
bonuses
for
elder
class
years
are
individualized) December
13,
2024
Perkins
Coie
Class
of
2024:
$15K
(prorated)
Class
of
2017+:
$115K December
6,
2024 Undisclosed;
associates
report
no
special
bonuses
are
being
awarded Undisclosed
Boies
Schiller
Flexner
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
10,
2024 2000
hours
for
associates
on
the
“market”
system;
95%
of
associates
received
bonuses
as
high
as,
and
in
most
cases
higher
than
market
system
bonuses;
several
associates
received
bonuses
of
$300K+,
while
others
received
bonuses
of
$1M+ Week
of
December
9,
2024
Winston
&
Strawn
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
10,
2024 2000
hours
(additional
bonus
money
for
associates
who
“substantially
exceed”
productivity
goals);
for
special
bonus,
associates
who
meet
or
exceed
their
hours
will
receive
100%;
associates
who
meet
75%
or
more
of
their
hours
will
receive
75%;
associates
between
50-74%
of
their
hours
will
receive
50%;
associates
who
are
under
50%
of
their
hours
will
receive
0% End
of
January
2025
Sullvan
&
Cromwell
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
11,
2024 Undisclosed December
23,
2024
Freshfields
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
11,
2024 Undisclosed Undisclosed
Linklaters
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
12,
2024 1900
hours
(including
unlimited
pro
bono,
up
to
400
hours
of
marketing,
and
other
work);
special
bonuses
awarded
to
associates
with
“higher
productivity”;
the
firm
is
reportedly
requiring
1650
client
billable
hours
for
special
bonus
eligibility December
31,
2024
Pillsbury
Fall
Hires:
$15K
/
$6K
(prorated)
SA
2/Counsel:
$115K
/
$25K December
12,
2024 1700
client/2000
creditable
hours
for
base
bonus;
1900
client/2200
creditable
hours
for
Super
Bonus
1
($20K-$25K,
by
class
year);
2100
client/2400
creditable
hours
for
Super
Bonus
2
($30K
all
class
years);
market
special
bonuses
not
included Undisclosed
Selendy
Gay
Class
of
2024:
$17.25K
/
$6K
(prorated)
Class
of
2017+:
$132.25K
/
$25K December
12,
2024 None
(some
associates
will
receive
even
more
bonus
money
based
on
performance,
hours,
and
firm
citizenship;
some
associates
received
bonuses
more
than
50%
above
market) December
13,
2024
Axinn
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
12,
2024 2000
hours;
“extraordinary”
bonuses
available
to
associates
who
surpassed
their
billable
hours
threshold By
December
20,
2024
Gjerset
&
Lorenz
Class
of
2024:
$15K
Class
of
2017:
$115K December
12,
2024 1900
hours
for
base
bonus;
2000
hours
for
$20K-$130K
bonus;
2100
hours
for
$28K-$150K
bonus;
2200
hours
for
$35K-$165K
bonus;
maximum
potential
bonuses
of
$55K-$330K;
additional
bonuses
to
be
paid
out
over
the
next
four
quarters,
with
the
first
installment
on
March
31,
2025 Undisclosed
Elsberg
Baker
&
Maruri
Class
of
2024:
$26.25K
/
$6K
Class
of
2017+:
$201.25K
/
$25K December
12,
2024 Undisclosed Undisclosed
Rolnick
Kramer
Sadighi
Class
of
2024:
$15K
/
$6K
Class
of
2017+:
$115K
/
$25K December
12,
2024 Undisclosed;
the
firm
reportedly
awarded
bonuses
ranging
up
to
150%
over
the
prevailing
market
rate
to
associates Undisclosed
Bursor
&
Fisher
Class
of
2023:
$50K+
Class
of
2020+:
$400K+ December
12,
2024 Undisclosed;
bonuses
are
based
on
business
origination
and
revenue;
highest
bonus
awarded
was
$725K Undisclosed
Cohen
Ziffer
Class
of
2023:
$20K
Class
of
2017+:
$115K December
13,
2024 Undisclosed;
“in
exceptional
circumstances,”
associates
may
receive
higher
bonuses
“based
on
individual
performance” December
13,
2024
Quinn
Emanuel
Class
of
2024:
$15K
/
$6K
Class
of
2017+:
$115K
/
$25K December
13,
2024 2000-2099
hours
for
$10K-$76.6K;
2100-2399
hours
for
base
bonus;
2400-2699
hours
for
$18K-$138K;
2700+
hours
for
$20.25K-$155.25K Week
of
December
16,
2024
McKool
Smith
Class
of
2024:
$15K
(prorated)
Class
of
2017+:
$115K December
13,
2024 Undisclosed;
high
billers
will
receive
additional
bonus
money,
with
some
exceeding
the
Milbank
scale
by
more
than
35%;
firm
previously
awarded
summer
bonuses
based
on
hours
(1900
hours
for
$2.5K;
1900-2199
hours
for
$7.5K;
2200-2299
hours
for
$10K;
2300-2399
hours
for
$15K;
2400-2599
hours
for
$20K;
2600+
hours
for
$30K) Undisclosed
Susman
Godfrey
Class
of
2022:
$110K
(median)
Class
of
2015:
$260K
(median) December
17,
2024 None Undisclosed
Yetter
Coleman
Class
of
2024:
$15K
/
$6K
(prorated)
Class
of
2017+:
$115K
/
$25K December
17,
2024 Undisclosed;
“outstanding”
performances
will
be
rewarded
with
“even
higher”
bonus
amounts December
20,
2024
Hogan
Lovells
Class
of
2023:
$20K
Class
of
2017+:
$115K December
17,
2024 2000
hours
(including
up
to
150
pro
bono
hours
until
associates
meet
1850
hours,
then
unlimited
pro
bono
hours,
and
including
up
to
50
D&I
hours,
if
they
have
billed
at
least
1800
hours);
additional
bonuses
available
for
those
who
exceed
hours
minimums Undisclosed
Orrick
Associate
Year
1:
$20K
/
$6K
Senior
Associate
Year
2+:
$115K
/
$25K December
18,
2024 Undisclosed December
31,
2024
(special
bonuses);
Mid-February
2025
(merit
bonuses)
Hueston
Hennigan
Class
of
2023:
$20K
/
$6K
Class
of
2017+:
$115K
/
$25K December
18,
2024 Based
on
class
year,
hours,
and
good
standing;
all
bonus-eligible
associates
reportedly
received
above-market
bonuses
(with
some
receiving
two
or
more
times
the
market
bonus
for
their
class) Undisclosed
Sheppard
Mullin
Level
A1:
$20K
/
$6K
Level
C2:
$115K
/
$25K December
19,
2024 2000
hours
for
base
bonus
and
special
bonus
(1950
hours
for
$10K-$57.5K;
2200
hours
for
$22K-$126.5K;
2400
hours
for
$$24K-$138K) January
17,
2025