You know what associates like? Money. You know what else they like? When the powers that be at a Biglaw firm actually notice and appreciate all of the hard work they’re putting in. That’s why we are seeing a new trend emerge in year end bonuses, where firms give extra money — on top of the market scale bonuses — for big billers.
Today Winston & Strawn announced year end bonuses matching the market scale set last month by Milbank, and detailed below. But what is extra exciting is that associates who “substantially exceed” the firm’s 2,000 hour productivity benchmark will get extra money in recognition of all the hours they logged this year.
The bonus scale at Winston is:
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
Class of 2011+ – case by case
Read the full memo on the next page.
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.
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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).