Law \ Legal

Top 50 Biglaw Firm Enters The Bonus Game With Cold, Hard Cash For Associates

money bonus A red gift box with hundred dollar billsThere’s nothing that’ll start your day off on the right foot quite like a big bonus announcement from your firm. That’s exactly what happened this morning at Debevoise & Plimpton, a firm that’s ranked at No. 34 on the latest Am Law 100, having brought home $1,329,262,000 gross revenue last year.

The firm is of course matching the prevailing market rate on bonuses this year. Peter Furci, the firm’s presiding partner, had this kind message to share with associates in Debevoise’s bonus memo:

This has been another year of extraordinary challenges. Once again, you have performed at levels of the highest excellence of client service, maintained our cultural values, supported each other and served the broader community with many hours of pro bono.

Here’s the bonus scale, in case you’ve forgotten what it looks like:

  • Class of 2022: $15,000 (pro-rated)
  • 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
  • Class of 2015+: $115,000

Congratulations to everyone at Debevoise!

(Flip to the next page to see the full memo from Debevoise.)

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.

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 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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