Biglaw

Am Law 50 Firm Will Pay Bonuses Up To $25K Above Market For 'Extraordinary' Performance

And that's on top of their regular year-end bonuses and special bonuses!

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We’re getting closer and closer to the end of 2020, and more and more Biglaw firms are announcing bonuses left and right. Which top-ranked firm is it this time?

Akin Gump — a firm that came in at No. 34 on the most recent Am Law 100 ranking, with $1,135,014,000 in gross revenue — surprised associates with a special bonus match earlier this fall, and now the firm has announced its year-end bonuses, with a promise to pay out even more on top for extraordinary performance.

The firm has matched the bonus scale originally announced by Baker McKenzie and later adopted by Cravath, and there’s a 1,950 billable hours threshold (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) to receive a full bonus. The Akin Gump bonus scale can be seen below:

Class of 2020 – $15,000 (pro-rated)
Class of 2019 – $15,000
Class of 2018 – $25,000
Class of 2017 – $50,000
Class of 2016 – $65,000
Class of 2015 – $80,000
Class of 2014 – $90,000
Class of 2013 – $100,000
Class of 2012 – $100,000

But that’s not all. Each year, Akin rewards associates and counsel who have put in a “truly outstanding” performance, and 2020 is no different. Those who have worked extra hard this year — people whose performance and productivity has been “extraordinary” — will receive additional bonuses ranging from $5,000 – $25,000 above the market level for their class. If you’ve been busting your ass at Akin Gump, you’re in for one heckuva payday.

Bonuses at Akin Gump will be paid no later than February 15, 2021. Congratulations!

(Flip to the next page to read the Akin Gump bonus memo in full.)

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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!

Staci ZaretskyStaci 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 or connect with her on LinkedIn.

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