It’s the most wonderful time of the year! Sure, every store is blasting holiday carols and there’s snow in the forecast, but December also means year-end bonuses!
In Biglaw, after the first firm announces their scale (this year, that honor is held by Milbank) the rest of the notoriously risk-averse industry steps up with a match of that scale. And the latest firm to prove they’ve got what it takes to keep up with the Milbanks and Cravaths of Biglaw? It’s Covington & Burling.
For those that need the reminder, the industry-wide bonus scale that Covington is matching is as follows:
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+ – $100,000
Remember — we can’t do this without you, dear readers! 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 all 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!
Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. 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).