Simpson Thacher Makes A Move On Bonuses, Offering Associates Fistfuls Of Cash
A Biglaw compensation leader has entered the scene.
Guess what time it is, associates? It’s time for some money — and lots of it!
Yet another firm has decided to hand out its year-end bonuses on the Cravath scale, and this time, it’s none other than Simpson Thacher, a firm that raked in $1,618,633,000 gross revenue in 2019, placing it at No. 15 in the latest Am Law 100 rankings.
Simpson was one of the few elite firms to enter the special bonus wars earlier this fall, offering associates up to $40,000 based on class year for their “hard work and perseverance” during the pandemic, and now the firm is opening its coffers once more to reward associates for their “continued commitment and adaptability” in 2020.
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Simpson Thacher’s year-end bonus scale can be seen here:
Bonuses at the firm will be paid out on December 21. Congratulations to all.
(Flip to the next page to read the Simpson Thacher 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.
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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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What Do Millennials Think Of Law Firm Life?
