"Biglaw bonus season is in full swing and the top firms are shelling out big bucks to show associates just how much they appreciate them. The market standard includes both year-end and special bonuses, and one major Biglaw firm is putting their own spin on the bonuses that are lockstep elsewhere, making the full bonuses just that much harder to take home."
"Arnold & Porter, a firm that made $1,193,720,000 in gross revenue in 2024, making it 51 on the Am Law 100, announced their bonus scale. And it comes with an explicit hours caveat. Let's wish plentiful billables to all the A&P associates. Remember everyone, we depend on your tips to stay on top of compensation updates, so when your firm announces or matches, please text us (646-820-8477) or email us (subject line: "[Firm Name] Bonus/Matches"). Please include the memo if available."
Biglaw firms are awarding year-end and special bonuses as market standard. Arnold & Porter reported $1,193,720,000 in gross revenue for 2024 and ranked 51 on the Am Law 100. The firm announced a bonus scale that includes an explicit hours caveat, which raises billable-hour thresholds required to receive full bonuses. That caveat makes collecting full bonuses more difficult compared with traditional lockstep approaches. Associates will face added pressure to increase billable hours to qualify for standard bonus amounts. Tip submissions are requested to track compensation announcements and memos.
Read at Above the Law
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