"Dechert matching Cravath (and Milbank on special bonuses) is another domino falling in a season that, so far, has been full of cautious optimism and strategic generosity. This will put pressure on peer firms to get their own announcements out before every associate in America starts drafting internal emails titled "please advise as to bonus timeline." Bonus season is officially in full swing."
"And here's the high biller fine print: As previously communicated, lawyers who recorded 2,200 extraordinary bonus hours are eligible to receive an additional 30% above the year-end bonus amount, and those who recorded 2,400 extraordinary bonus hours are eligible to receive an additional 40%. This extraordinary bonus is in addition to the amounts set forth above and aims to recognize and reward exceptional contributions."
Dechert matched the prevailing year-end and special associate bonus scale. Associate bonuses will be paid before the end of January 2026. The firm added extra compensation for high billers: lawyers with 2,200 extraordinary bonus hours are eligible for an additional 30% above the year-end bonus, and those with 2,400 extraordinary bonus hours are eligible for an additional 40%. The extraordinary bonus is in addition to the standard amounts. Dechert matched Cravath (and Milbank on special bonuses). The move increases pressure on peer firms to announce comparable bonus decisions during bonus season.
Read at Above the Law
Unable to calculate read time
Collection
[
|
...
]