Associate Compensation Scorecard: Biglaw’s 2024 Bonus Boom

Firm Date Matched Minimum Hours Payout Date Milbank
Class of 2024: $15K / $6K (prorated)
Class of 2016: $115K / $25K FIRST MOVER
November 11, 2024 None On or before December 31, 2024 Vartabedian Hester & Haynes
Class of 2024: $15K / $6K
Class of 2016: $115K / $25K November 13, 2024 1800 hours On or before December 31, 2024 Cravath
Class of 2024: $15K / $6K (prorated)
Class of 2017: $115K / $25K November 19, 2024 None December 13, 2024 Paul Hastings
Class of 2023: $20K / $6K
Class of 2017+: $115K / $25K November 20, 2024 2000 hours February 14, 2025 Ropes & Gray
Class of 2024: $15K / $6K (prorated)
Class of 2016+: $130K / $25K November 20, 2024 1900 creditable hours (increased bonuses for associates who annualized above hourly target) December 24, 2024 Fried Frank
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 20, 2024 1850 hours for special bonus (including billable, pro bono, qualified nonbillable, and firm matter hours); associates eligible for “premium” bonus ranging from $3K to $34.5K On or before December 31, 2024 McDermott Will & Emery
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 20, 2024 2000 hours (merit bonuses available for eligible associates; “two-thirds” of associates will see bonuses above market) December 27, 2024 Cleary
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 21, 2024 None December 20, 2024 Paul Weiss
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 21, 2024 None December 20, 2024 Dechert
Class of 2023: $20K / $6K
Class of 2017+: $115K / $25K November 21, 2024 1950 hours (client billable, pro bono, firm as client, maximum of 50 community hours); associates who exceeded hours expectations eligible to receive an “extraordinary” bonus (i.e., 2200 hours = addt’l 30%; 2400+ hours = addt’l 40%) By or before end of January 2025 O’Melveny
Class of 2024: $6K (prorated)
Class of 2017+: $115K / $25K November 21, 2024 None Undisclosed Holwell Shuster
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 21, 2024 None On or before December 31, 2024 Davis Polk
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 22, 2024 None December 27, 2024 Weil Gotshal
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 22, 2024 None January 31, 2025 White & Case
Class of 2024: $15K / $6K (prorated)
Class of 2017: $115K / $25K November 22, 2024 Eligibility criteria detailed in separate memo February 14, 2025 Skadden
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K or $125K / $25K November 22, 2024 1800 “productive hours” (including unlimited pro bono time and up to 150 hours of productive non-billable work) December 13, 2024 Cadwalader
Class of 2024: $15K / $6K (prorated)
Class of 2016: $115K / $25K November 22, 2024 Additional bonuses “equal to 120% of [market bonuses]” for high billers with 2200 hours or more By or before end of February 2025 Proskauer
Class of 2024: $15K / $6K (prorated)
Class of 2016: $115K / $25K November 22, 2024 None On or before December 24, 2024 Schulte Roth & Zabel
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 22, 2024 2000 hours; step-up bonuses from $3K to $51.75K for associates who have made “extraordinary contributions” to the firm) January 27, 2025 Covington
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 22, 2024 2000 hours; (associates will see a 10% bonus increase at 2200 hours, and another 10% bonus increase 2400 hours) January 2025 Willkie Farr
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 22, 2024 None December 31, 2024 Akin
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 22, 2024 1950 hours (including pro bono hours, general counsel hours, business development hours, and up to 100 hours of time spent on recruiting, diversity & inclusion, and/or innovation activities); associates with “exceptional” performance will receive larger bonuses February 2025 Sidley
Class of 2023: $20K / $6K
Class of 2016: $115K / $25K November 25, 2024 2000 hours required for base bonuses; associates with “higher productivity and/or exceptional performance” will receive additional bonuses, up to “more than 50% above base bonus” Prior to December 31, 2024 Baker Botts
Class of 2023: $20K / $6K
Class of 2017+: $115K / $25K November 25, 2024 Based on hours (“enhanced” bonuses available for “exceptional” performance) Undisclosed A&O Shearman
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 25, 2024 2000 hours (including a minimum of 25 pro bono hours and up to 100 investment hours (e.g., DEI/mental health; personal development/training; community involvement; management & talent development; knowledge development; origination, client relationships, business development; and market innovation group)) January 31, 2025 Katten Muchin
Class of 2023: $20K / $6K
Class of 2017+: $115K / $25K November 25, 2024 2000 hours (2100 hours for $22K-$126.5K; 2200 hours for $24K-$138K; 2300 hours for $26.5K-$149.5K; 2400 hours for $31K-$172.5K); additional “superstar” bonuses available February 3, 2025 Vinson & Elkins
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 25, 2024 Based on hours and good standing; “supplemental bonuses” available for associates who had an “exemplary year” On or about January 31, 2025 Debevoise
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 26, 2024 None Undisclosed Clifford Chance
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 26, 2024 None (based on overall performance, quality of work, contributions to firm, teamwork, and pro bono) January 15, 2025 Mayer Brown
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K November 26, 2024 2000 hours; associates eligible for addt’l bonuses based on performance February 28, 2025 Gibson Dunn
Class of 2024: $15K / $6K (prorated)
Class of 2017: $115K / $25K November 27, 2024 Undisclosed Undisclosed Seward & Kissel
Class of 2023: $20K / $6K
Class of 2017+: $115K / $25K November 27, 2024 2000 hours (1850 billable hours and 150 qualified non-billable hours); 2200 hours for special bonus (1850 billable hours and 150 qualified non-billable hours; associates who “substantially” exceed the eligibility requirements for special bonuses may receive an “increased” special bonus) First quarter of 2025 Fish & Richardson
Entry-Level: $15K / $6K (prorated)
A7: $115K / $25K November 27, 2024 2100 hours (including up to 200 pro bono/DEI/pitch hours) or strongest reviews based on quality of work December 26, 2024 Morgan Lewis
Class of 2023: $20K / $6K
Class of 2017+: $115K / $25K November 27, 2024 1900+ hours (20 of which must be pro bono hours) January 31, 2025 Wilkinson Stekloff
Class of 2024: $22.5K / $6K
Class of 2017: $172.5K / $25K December 3, 2024 None By December 13, 2024 Norton Rose Fulbright
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 3, 2024 1900 hours (including 50 FIT hours) for special bonus eligibility January 31, 2025 Kramer Levin
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 4, 2024 Eligible associates in good standing will receive bonuses February 14, 2025 Cahill
Class of 2024: $15K / $7.5K (prorated)
Class of 2016: $115K / $40K December 5, 2024 Select associates in Classes of 2017-2020 who have demonstrated “extraordinary” performance eligible for a “super bonus” up to $200K (based on performance and seniority) in lieu of special bonus Second half of January 2025 Ross Aronstam
Class of 2022: $30K / $10K
Class of 2016: $115K / $25K December 5, 2024 None December 15, 2024 AZA
Class of 2024: $15K / $6K
Class of 2021: $57.5K / $15K December 6, 2024 None (based on overall performance; bonuses for elder class years are individualized) December 13, 2024 Perkins Coie
Class of 2024: $15K (prorated)
Class of 2017+: $115K December 6, 2024 Undisclosed; associates report no special bonuses are being awarded Undisclosed Boies Schiller Flexner
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 10, 2024 2000 hours for associates on the “market” system; 95% of associates received bonuses as high as, and in most cases higher than market system bonuses; several associates received bonuses of $300K+, while others received bonuses of $1M+ Week of December 9, 2024 Winston & Strawn
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 10, 2024 2000 hours (additional bonus money for associates who “substantially exceed” productivity goals); for special bonus, associates who meet or exceed their hours will receive 100%; associates who meet 75% or more of their hours will receive 75%; associates between 50-74% of their hours will receive 50%; associates who are under 50% of their hours will receive 0% End of January 2025 Sullvan & Cromwell
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 11, 2024 Undisclosed December 23, 2024 Freshfields
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 11, 2024 Undisclosed Undisclosed Linklaters
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 12, 2024 1900 hours (including unlimited pro bono, up to 400 hours of marketing, and other work); special bonuses awarded to associates with “higher productivity”; the firm is reportedly requiring 1650 client billable hours for special bonus eligibility December 31, 2024 Pillsbury
Fall Hires: $15K / $6K (prorated)
SA 2/Counsel: $115K / $25K December 12, 2024 1700 client/2000 creditable hours for base bonus; 1900 client/2200 creditable hours for Super Bonus 1 ($20K-$25K, by class year); 2100 client/2400 creditable hours for Super Bonus 2 ($30K all class years); market special bonuses not included Undisclosed Selendy Gay
Class of 2024: $17.25K / $6K (prorated)
Class of 2017+: $132.25K / $25K December 12, 2024 None (some associates will receive even more bonus money based on performance, hours, and firm citizenship; some associates received bonuses more than 50% above market) December 13, 2024 Axinn
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 12, 2024 2000 hours; “extraordinary” bonuses available to associates who surpassed their billable hours threshold By December 20, 2024 Gjerset & Lorenz
Class of 2024: $15K
Class of 2017: $115K December 12, 2024 1900 hours for base bonus; 2000 hours for $20K-$130K bonus; 2100 hours for $28K-$150K bonus; 2200 hours for $35K-$165K bonus; maximum potential bonuses of $55K-$330K; additional bonuses to be paid out over the next four quarters, with the first installment on March 31, 2025 Undisclosed Elsberg Baker & Maruri
Class of 2024: $26.25K / $6K
Class of 2017+: $201.25K / $25K December 12, 2024 Undisclosed Undisclosed Rolnick Kramer Sadighi
Class of 2024: $15K / $6K
Class of 2017+: $115K / $25K December 12, 2024 Undisclosed; the firm reportedly awarded bonuses ranging up to 150% over the prevailing market rate to associates Undisclosed Bursor & Fisher
Class of 2023: $50K+
Class of 2020+: $400K+ December 12, 2024 Undisclosed; bonuses are based on business origination and revenue; highest bonus awarded was $725K Undisclosed Cohen Ziffer
Class of 2023: $20K
Class of 2017+: $115K December 13, 2024 Undisclosed; “in exceptional circumstances,” associates may receive higher bonuses “based on individual performance” December 13, 2024 Quinn Emanuel
Class of 2024: $15K / $6K
Class of 2017+: $115K / $25K December 13, 2024 2000-2099 hours for $10K-$76.6K; 2100-2399 hours for base bonus; 2400-2699 hours for $18K-$138K; 2700+ hours for $20.25K-$155.25K Week of December 16, 2024 McKool Smith
Class of 2024: $15K (prorated)
Class of 2017+: $115K December 13, 2024 Undisclosed; high billers will receive additional bonus money, with some exceeding the Milbank scale by more than 35%; firm previously awarded summer bonuses based on hours (1900 hours for $2.5K; 1900-2199 hours for $7.5K; 2200-2299 hours for $10K; 2300-2399 hours for $15K; 2400-2599 hours for $20K; 2600+ hours for $30K) Undisclosed Susman Godfrey
Class of 2022: $110K (median)
Class of 2015: $260K (median) December 17, 2024 None Undisclosed Yetter Coleman
Class of 2024: $15K / $6K (prorated)
Class of 2017+: $115K / $25K December 17, 2024 Undisclosed; “outstanding” performances will be rewarded with “even higher” bonus amounts December 20, 2024 Hogan Lovells
Class of 2023: $20K
Class of 2017+: $115K December 17, 2024 2000 hours (including up to 150 pro bono hours until associates meet 1850 hours, then unlimited pro bono hours, and including up to 50 D&I hours, if they have billed at least 1800 hours); additional bonuses available for those who exceed hours minimums Undisclosed Orrick
Associate Year 1: $20K / $6K
Senior Associate Year 2+: $115K / $25K December 18, 2024 Undisclosed December 31, 2024 (special bonuses); Mid-February 2025 (merit bonuses) Hueston Hennigan
Class of 2023: $20K / $6K
Class of 2017+: $115K / $25K December 18, 2024 Based on class year, hours, and good standing; all bonus-eligible associates reportedly received above-market bonuses (with some receiving two or more times the market bonus for their class) Undisclosed Sheppard Mullin
Level A1: $20K / $6K
Level C2: $115K / $25K December 19, 2024 2000 hours for base bonus and special bonus (1950 hours for $10K-$57.5K; 2200 hours for $22K-$126.5K; 2400 hours for $$24K-$138K) January 17, 2025

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