Last week, Milbank set the scale for 2019 year-end bonuses, and once Cravath decided to hop on board, the rest of Biglaw was essentially granted permission to join in the fun and make their announcements as well.
One Magic Circle firm has already announced its bonus news, and now another is ready to enchant its associates with bonus bucks. Hocus pocus! Which Magic Circle firm just pulled money out of its hat?
It’s Freshfields, and the firm has adopted the Milbank scale for its U.S. associates:
Class of 2019 – $15,000
Class of 2018 – $15,000
Class of 2017 – $25,000
Class of 2016 – $50,000
Class of 2015 – $65,000
Class of 2014 – $80,000
Class of 2013 – $90,000
Class of 2012 – $100,000
Class of 2011+ – $100,000
Read the full bonus memo on the next page. Freshfields will make money magically appear in associates’ bank accounts on December 13.
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.
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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 Twitter or connect with her on LinkedIn.