Sidley
Austin
is
the
latest
firm
to
cement
their
place
in
the
top
echelon
of
Biglaw
by
offering
associates
top-of-market
bonuses.
Must
be
that
nifty
$3,100,458,000
in
gross
revenue
the
firm
took
down
last
year.
The
firm
will
offer
the
following
bonus
schedule
for
associates,
provided
they
hit
they
2,000
hour
billable
target.
|
Class Year |
2024 Year-end Bonus |
Special Bonus |
|
2016 |
$115,000 | $25,000 |
|
2017 |
$115,000 | $25,000 |
|
2018 |
$105,000 | $25,000 |
|
2019 |
$90,000 | $25,000 |
|
2020 |
$75,000 | $20,000 |
|
2021 |
$57,500 | $15,000 |
|
2022 |
$30,000 | $10,000 |
|
2023 |
$20,000 | $6,000 |
But
there’s
extra
special
news
for
“associates
who
have
higher
productivity
and/or
exceptional
performance”
—
up
to
a
50%
bump!
Associates
with
2,000
qualifying
hours
will
receive
the
base
bonus
reflected
in
the
chart
below.
As
in
prior
years,
we
also
recognize
associates
who
have
higher
productivity
and/or
exceptional
performance
with
additional
bonuses
that
exceed
the
base
bonus
amounts,
resulting
in
those
associates
receiving
more
than
the
base
bonus
for
their
class
year,
and
in
some
cases
more
than
50%
above
base
bonus.
And
if
you
failed
to
meet
that
2,000
hour
threshold,
you
may
not
be
screwed.
The
firm
notes
they
“may
be
recognized
with
partial
bonuses.”
As
is
their
tradition,
Sidley
also
noted
that
associates
were
—
as
they
do
every
year
—
moving
up
the
existing
compensation
scale.
Bonuses
will
be
paid
out
prior
to
December
31.
You
can
read
the
full
email
on
the
next
page.
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!
Kathryn
Rubino
is
a
Senior
Editor
at
Above
the
Law,
host
of
The
Jabot
podcast,
and
co-host
of
Thinking
Like
A
Lawyer.
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 or
Mastodon
@[email protected].
