Boutique firms continue to dominate when it comes to associate compensation this bonus season. Plenty of firms can match Cravath’s year-end bonuses and Milbank’s special bonuses, but these small but mighty boutiques are more than willing to blow the prevailing market rates out of the water.
Gjerset & Lorenz, a healthcare boutique located in Austin, Texas, is once again offering up some gigantic bonuses that are sure to make associates feel truly valued.
The firm is offering base bonuses on the Cravath/Milbank scale for 1900 hours billed, and for every hundred hours billed above that, even more money is added, up to $215,000 for its busiest senior associates. On top of that, the firm awards associates with individualized merit bonuses based on “leadership, contributions to firm culture and morale, training and mentoring team members, maintenance and expansion of client relationships, as well as countless intangible contributions [made] to the firm and [its] clients.” Check out Gjerset’s bonus grid, which details maximum bonus potential of up to $355K.
But that’s not all! The firm is offering additional special bonuses up to $160,000 on top of its already huge bonuses, to be paid out over the next four quarters, with the first installment due on March 31, 2025. “We appreciate that over the course of the year, we all face challenges, periods of overwhelming work, small victories, and small losses,” write the partners. “We intend for these special bonuses to provide a more contemporaneous recognition of how much our firm values you as part of the team.”
Congratulations to everyone at Gjerset & Lorenz!
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.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for your help!
Staci Zaretsky is the managing editor of 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.
The post Boutique Firm Obliterates The Market With Bonuses Up To $355K, With Specials Up To $160K On Top appeared first on Above the Law.
Boutique firms continue to dominate when it comes to associate compensation this bonus season. Plenty of firms can match Cravath’s year-end bonuses and Milbank’s special bonuses, but these small but mighty boutiques are more than willing to blow the prevailing market rates out of the water.
Gjerset & Lorenz, a healthcare boutique located in Austin, Texas, is once again offering up some gigantic bonuses that are sure to make associates feel truly valued.
The firm is offering base bonuses on the Cravath/Milbank scale for 1900 hours billed, and for every hundred hours billed above that, even more money is added, up to $215,000 for its busiest senior associates. On top of that, the firm awards associates with individualized merit bonuses based on “leadership, contributions to firm culture and morale, training and mentoring team members, maintenance and expansion of client relationships, as well as countless intangible contributions [made] to the firm and [its] clients.” Check out Gjerset’s bonus grid, which details maximum bonus potential of up to $355K.
But that’s not all! The firm is offering additional special bonuses up to $160,000 on top of its already huge bonuses, to be paid out over the next four quarters, with the first installment due on March 31, 2025. “We appreciate that over the course of the year, we all face challenges, periods of overwhelming work, small victories, and small losses,” write the partners. “We intend for these special bonuses to provide a more contemporaneous recognition of how much our firm values you as part of the team.”
Congratulations to everyone at Gjerset & Lorenz!
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.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for your help!
Staci Zaretsky is the managing editor of 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.
