It’s almost 2018 and another year in Biglaw has come and gone. That means it’s time to reflect on lessons learned and money earned. As such, let’s check out the 2017 Biglaw associate bonuses and compensation scale.
Biglaw Associate Bonuses and Total Compensation for 2017
This table summarizes the Cravath bonus and salary scale for 2017. Yes, it’s exactly the same as the 2016 Associate Bonus and Compensation Scale.
Keep in mind that although most Biglaw firms follow the Cravath scale, some firms pay bonuses that are higher or lower than Cravath.
Quinn Emmanuel is a good example. This firm pays higher bonuses to Biglaw associates who bill more than 2,100 hours, and lower bonuses to those associates who bill fewer than 2,100 hours. As this Above The Law article explains, it’s not always worth the effort to bill huge hours in the hopes of getting a bigger bonus.
Other firms, like Kirkland & Ellis, do not pay the Cravath lockstep bonuses at all. Instead, associates at K&E typically receive bonuses that are much higher than their peers at other Biglaw firms.
2017 Biglaw Associate Compensation
|2017||$180,000 (pro-rated)||$15,000 (pro-rated)||TBD|
P.S. If you want to learn how to survive and thrive in Biglaw then pick up a copy of The Curmudgeon’s Guide to Practicing Law.