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The Milbank compensation scale isn’t just for Biglaw firms. Elite litigation boutiques are more than happy to show their associates the money. Now that we’re a full month into bonus season, we’ve already seen boutique firms that have either matched or exceeded the current market compensation dictated by Milbank and affirmed by Cravath.
Today, we’ve received word on yet another boutique firm that will be paying big-time bonuses to its associates. The firm in question is Greenberg Gross, which is doing a straight Milbank match. Bonuses at Greenberg Gross will be paid to associates on January 15, 2020. In case you’ve somehow managed to forget, this is what the 2019 bonus scale looks like:
Class of 2019 – $15,000 (pro-rated)
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 and senior – $100,000
If you recall, back in 2017, Greenberg Gross was beating the market on bonuses. This time around, the firm is offering additional bonus cash to associates based on “extraordinary performance.” As noted in the bonus memo, congratulations to everyone at the firm for their “magnificent work and dedication.”
(Flip to the next page to see the full memo from Greenberg Gross.)
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!
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.