Paul Hastings matched Cravath's year-end bonus scale and will award associates bonuses by class year. Paul Hastings reported $2,235,739,000 in gross revenue and profits per equity partner of $6,715,000 in 2024. The Cravath-scale bonuses range from $20,000 for the class of 2024 to $115,000 for classes 2018 and earlier. The firm also matched Milbank's special bonus scale, which ranges from $6,000 for the class of 2024 to $25,000 for classes 2020 and earlier. Employees are asked to submit memos or tips and can sign up for Bonus Alerts for announcements.
"We've now confirmed that Paul Hastings - which reported $2,235,739,000 in gross revenue and profits per equity partner of $6,715,000 in 2024 according to the most recent Am Law 100 - has chosen to use the Cravath scale for its year-end bonuses: Class of 2024 - $20,000 Class of 2023 - $30,000 Class of 2022 - $57,500 Class of 2021 - $75,000 Class of 2020 - $90,000 Class of 2019 - $105,000 Class of 2018+ - $115,000"
"Paul Hastings is also matching the Milbank special bonus scale, and this is what they will look like at the firm: Class of 2024 - $6,000 Class of 2023 - $10,000 Class of 2022 - $15,000 Class of 2021 - $20,000 Class of 2020 - $25,000 Class of 2019 - $25,000 Class of 2018+ - $25,000 Congratulations to everyone at Paul Hastings!"
Read at Above the Law
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