It’s December 26, 2016. Another Christmas has come and gone. But there’s still plenty of yuletide cheer in the air. Biglaw bonus season is here. Hooray! Join me as I pull back the curtain on the 2016 Biglaw bonus structure.
This year my favorite Christmas gift was not carefully wrapped and waiting for me under the tree. And it wasn’t the homemade eggnog spiked with Jack Daniels. Rather, it came by way of direct deposit. Yes, my favorite Christmas gift this year was a Biglaw bonus check.
Although bonuses may vary from firm to firm, let’s take a look at the “market” Biglaw bonus scale for 2016.
That’s serious money, especially in light of the large raises that Biglaw associates received in 2016.
No one said Biglaw was easy. It’s not the right path for everyone. But year-end Biglaw bonuses like this make all the late nights, time away from family, and stress a little more bearable.
P.S. If you want to pursue a career in Biglaw and not lose your sanity in the process, pick up a copy of The Curmudgeon’s Guide to Practicing Law and Swimming Lessons for Baby Sharks. These books were a godsend for helping me learn how to survive and thrive in Biglaw.