Firm Yet Again Hands Out Patently Huge Bonuses To Stay Ahead Of The Market

These big bonuses keep attracting top talent.
The post Firm Yet Again Hands Out Patently Huge Bonuses To Stay Ahead Of The Market appeared first on Above the Law.

Irell & Manella takes a small but mighty approach, with a total headcount around under 70 attorneys and a reputation for high-stakes litigation — especially when it comes to intellectual property protection.

And part of that approach is keeping ahead of its bigger rivals when it comes to attracting top talent. Big bonuses are key to that mission.

By way of comparison, the prevailing market bonus — along with special bonus because who in the world wouldn’t be matching the special bonus (cough) — gives the class of 2024 a combined $21K pro-rated and the class of 2023 gets $26K, while the class of 2017 and beyond are getting $140K at market standard firms. This places Irell comfortably above the pack at all levels.

And it’s not even the end of the compensation story. The memo explains that:

Under this program, all 2024 bonus-eligible individuals who remain associates in good standing will also receive a further supplemental bonus, beyond the amounts below, in April or May after the firm’s financials for fiscal year 2024 have closed.

Congrats.

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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter or Bluesky if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.