Top 50 Am Law Firm Announces Bountiful Bonus Bucks For Associates
Money, money, money!
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What could possibly be better than bonus news? Even more of it!
Yet another Biglaw firm has announced its year-end bonuses, and this time, it’s none other than Shearman & Sterling, one of the few firms that went out of its way to shower its associates with cash earlier this fall during the special bonus wars. What does Shearman have in store for associates in terms of their year-end bonus hauls?
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It’s a Cravath match, of course. Here’s what the scale looks like at the firm:
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 and above – $100,000
It should be noted, however, that these are just “standard” bonus amounts; individual bonus amounts at Shearman are discretionary and based on performance. Hopefully that turns out well for associates during a pandemic.
Bonus money at the firm will be paid out on December 18. Congratulations to all!
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(Flip to the next page to read the Shearman & Sterling bonus memo in full.)
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.
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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 or connect with her on LinkedIn.
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