All of this cash will look even nicer in the spring!
The post Biglaw Firm Announces Exciting Special Bonus Match, With Market Bonuses To Come In March appeared first on Above the Law.
The winter holidays are nearly upon us, and Biglaw firms are rushing to stuff their associates’ accounts full of cash — and some firms are still doing it now, even though associates won’t see the money for a few months.
The latest firm to match Milbank’s generous year-end and special bonus scales is Choate Hall & Stewart, the Boston-based firm that brought in $327,084,000 gross revenue in 2023, putting it at No. 119 on the Am Law 100. The firm made its announcement yesterday, specifically calling out the special bonus match for all principals, associates, patent agents, and staff scientists. Here’s what the scale looks like at the firm:
The firm also intends to match the prevailing market rate on year-end bonuses, noting that the special bonuses will be paid out at the same time as their “customary annual market bonuses” in March.
Congratulations to everyone at Choate!
(Flip to the next page to see the full memo from the firm.)
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. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
