It’s
almost
February,
but
Biglaw
firms
are
continuing
to
spread
the
wealth
to
associates
across
the
country
after
a
successful
financial
year
by
announcing
matches
of
Milbank’s
generous
year-end and special
bonuses.
Good
things
come
with
patience,
and
if
you’re
an
associate
at
Latham
who
was
waiting
for
a
bonus,
your
patience
has
been
rewarded
with
really,
really
good
things.
Latham
&
Watkins
—
a
firm
that
brought
in
$5,688,226,000
gross
revenue
in
2023,
putting
it
at
No.
2
on
the
Am
Law
100
—
is
known
for
announcing
its
year-end
bonuses
in
January,
and
they
usually
beat
the
going
market
rate.
Earlier
this
week,
the
firm
finally
announced
its
bonuses,
and
even
though
associates
had
to
wait
for
the
cash,
they’re
probably
pretty
happy
about
what’s
getting
deposited
into
their
bank
accounts.
Bonuses
at
Latham
come
with
a
billable
requirement
of
1900
hours,
but
they
also
give
extra
money
for
those
who
are
billing
above
that
threshold.
And,
from
the
looks
of
it,
Latham
associates
have
been
busy
—
extremely
busy.
The
base
bonuses
are
at
market
levels,
but
the
median
bonuses
for
every
class
year
beat
the
market
rate
by
thousands
of
dollars.
And
the
top
bonuses
are
way,
way over
what
the
market
gives
out.
The
firm
circulated
the
below
chart
internally,
and
you
can
get
a
sense
of
just
how
generous
bonuses
are
at
Latham:
(It’s
worth
mentioning
that
last
year,
top
bonuses
at
Latham
were
a
bit
lower
than
the
2024
bonuses
the
firm
is
offering.
For
the
2023
bonus
cycle,
the
top
bonus
for
second-years
was
$28,000,
while
the
top
bonus
for
seventh-years
was
$172,500.
Take
from
that
what
you
will
about
the
number
of
hours
associates
at
the
firm
were
able
to
bill.)
Bonus-eligible
associates
at
the
firm
will
receive
their
payouts
on
January
31.
Congratulations
to
everyone
at
the
firm!
Remember
everyone,
we
depend
on
your
tips
to
stay
on
top
of
compensation
updates,
so
when
your
firm
announces
or
matches,
please
text
us
(646-820-8477)
or email
us (subject
line:
“[Firm
Name]
Bonus/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
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 Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.