Associate Bonus Watch: Big Pay Day If You've Put In Big Hours
Firm offers additional $40K for big billers.
Schulte Roth & Zabel announced their bonuses last week, but for some reason no one sent us the memo until now. I guess everyone over there was too busy helping out their boy Matt Lauer to give ATL the heads up.
In any event, SRZ matched the Cravath scale for its rank and file associates. For those who’ve forgotten, the Cravath scale is:
Class of 2017 — $15,000 (pro-rated)
Class of 2016 — $15,000
Class of 2015 — $25,000
Class of 2014 — $50,000
Class of 2013 — $65,000
Class of 2012 — $80,000
Class of 2011 — $90,000
Class of 2010 — $100,000
Class of 2009 — $100,000
But the real winners are those who billed 2300+ and 2500+ this year.
In addition the Firm will again reward associates who have made extraordinary contributions to the Firm and our clients by recording 2,300 and 2,500 eligible hours with additional bonuses. This year we are very pleased to increase these additional amounts to $20,000 for associates attaining each threshold (for a total of $40,000 for those satisfying both).
That’s a nice way to walk into 2018 for these associates. A first-year could take home $55K? Not too shabby.
(Full memo on the next page…)
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Please help us help you when it comes to bonus news at other firms. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) or text us (646-820-8477). 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.
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Joe Patrice is an editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news.
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