Cravath
announced
its
bonus
scale
last
night
—
a
full
Milbank
match
for
both
year-end
and
special
bonuses
—
and
Biglaw
firms
are
finally
weighing
in
with
their
own
compensation
updates.
We’ve
now
confirmed
that
Paul
Hastings
—
which
reported
$1,814,993,000
in
gross
revenue
and
profits
per
equity
partner
of
$5,395,000
in
2023
according
to
the
most
recent
Am
Law
100
—
has
chosen
to
use
the
Milbank
scale
for
its
year-end
bonuses:
-
Class
of
2024
–
$15,000 -
Class
of
2023
–
$20,000 -
Class
of
2022
–
$30,000 -
Class
of
2021
–
$57,500 -
Class
of
2020
–
$75,000 -
Class
of
2019
–
$90,000 -
Class
of
2018
–
$105,000 -
Class
of
2017+
–
$115,000
Paul
Hastings
is
also
matching
the
Milbank
special
bonus
scale,
and
this
is
what
they
will
look
like
at
the
firm:
-
Class
of
2024
–
$6,000 -
Class
of
2023
–
$6,000 -
Class
of
2022
–
$10,000 -
Class
of
2021
–
$15,000 -
Class
of
2020
–
$20,500 -
Class
of
2019
–
$25,000 -
Class
of
2018
–
$25,000 -
Class
of
2017+
–
$25,000
That
said,
here’s
what
the
complete
2024
bonus
scale
looks
like
at
the
firm:
-
Class
of
2024:
$21,000 -
Class
of
2023:
$26,000 -
Class
of
2022:
$40,000 -
Class
of
2021:
$72,500 -
Class
of
2020:
$95,000 -
Class
of
2019:
$115,000 -
Class
of
2018:
$130,000 -
Class
of
2017+:
$140,000
Congratulations
to
everyone
at
Paul
Hastings!
(Flip
to
the
next
page
to
read
the
full
memo
from
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
Twitter
and
Threads
or
connect
with
her
on
LinkedIn.
