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Top 20 Biglaw Firm Announces Bonus Structure For Associates – Above the Law

We
may
be
beyond
the
time
that
Larry
David
believes
it’s
acceptable
to
wish
someone
a
happy
new
year,
but
that
doesn’t
mean
2024
is
completely
forgotten
in
Biglaw.
Especially
not
when
there
are
bonuses
still
to
give
out.

Today,
Goodwin
Procter

a
firm
with
over
$2
billion
in
gross
revenue,
making
it
#16
on
the
Am
Law
100

announced
bonuses.

As
with
the
tippy
top

of
Biglaw
firms,
Goodwin
is
giving
out
both
annual
bonuses
as
special
bonuses
to
reward
associates
for
all
their
hard
work
last
year.

The
bonus
schedule
at
Goodwin
is
as
follows:


Salary
Class

Bonus

Special
Bonus

2023
$20,000 $6,000

2022
$30,000 $10,000

2021
$57,500 $15,000

2020
$75,000 $20,000

2019
$90,000 $25,000

2018
$105,000 $25,000

2017+
$115,000 $25,000

Bonuses
will
be
paid
on
January
24th.
Associates
who
billed
at
least
1,950
hours
during
the
last
fiscal
year
are
eligible
for
bonuses.
Pro
bono
time
and
up
to
100
hours
of
Culture
&
Innovation
(marketing
activities,
knowledge
management,
Business
Unit
and
Legal
Practice
Area
initiatives,
diversity
initiatives,
training
and
participation
on
firm
committees)
count
towards
that
threshold.
Full
memo
available
on
the

next
page
.

Remember
everyone,
we
depend
on
your
tips
to
stay
on
top
of
important
bonus
updates,
so
when
your
firm
matches,
please
text
us
(646-820-8477)
or email
us
 (subject
line:
“[Firm
Name]
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
all
of
your
help!




Kathryn
Rubino
is
a
Senior
Editor
at
Above
the
Law,
host
of

The
Jabot
podcast
,
and
co-host
of

Thinking
Like
A
Lawyer
.
AtL
tipsters
are
the
best,
so
please
connect
with
her.
Feel
free
to
email

her

with
any
tips,
questions,
or
comments
and
follow
her
on
Twitter

@Kathryn1
 or
Mastodon

@[email protected].


Bonus Time

Enter
your
email
address
to
sign
up
for
ATL’s

Bonus
&
Salary
Increase
Alerts
.