Boutique Firm Hands Out Big Bonus Bucks To Associates
Associates seem really happy here.
Okay, fine, we get it: boutique law firms like to hand out big money to their associates. Time and again (and again, and again, and again), this bonus season has proven that the boutique firms really do their best to spread the wealth, with bonuses that are equal to and often greater than what the Biglaw market has to offer. The next firm we’re about to discuss is no different.
Massumi + Consoli, a Los Angeles-based firm specializing in private equity and M&A deals, recently announced its year-end for associates. A source from the firm tells us that it’s a market match, but that there’s a Growth Participation Program (what our tipster tells us is a “phantom equity” arrangement) that associates participate in as well, which adds even more cash to their compensation. Here’s their bonus grid, for associates with 1900 billable hours:
- Class of 2022: $2,500
- Class of 2021: $20,000
- Class of 2020: $30,000
- Class of 2019: $57,500
- Class of 2018: $75,000
- Class of 2017: $90,000
- Class of 2016: $105,000
Associates at the firm seem quite pleased. One who lateraled from Biglaw says they “work less and get paid more.” Sounds like a pretty sweet deal. Congratulations on your bonuses!
(Flip to the next page to see the memo from Massumi + Consoli.)
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm announces or 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.
