{"id":158627,"date":"2026-07-28T11:12:10","date_gmt":"2026-07-28T19:12:10","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/07\/28\/cha-ching-another-firm-joins-the-bonus-party\/"},"modified":"2026-07-28T11:12:10","modified_gmt":"2026-07-28T19:12:10","slug":"cha-ching-another-firm-joins-the-bonus-party","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/07\/28\/cha-ching-another-firm-joins-the-bonus-party\/","title":{"rendered":"Cha-Ching: Another Firm Joins The Bonus Party"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The summer bonus dominoes just keep falling. While much of Biglaw remains frozen in its usual \u201cwaiting to see what everyone else does\u201d stance, another firm has decided there\u2019s no point in making associates sweat through August wondering whether extra money is on the way.<\/p>\n<p class=\"wp-block-paragraph\">Today, New York-based midsize firm\u00a0<a href=\"https:\/\/www.otterbourg.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Otterbourg<\/a> announced that all of its full-time associates will receive a handsome midyear bonus of $20,000  \u2014 $5,000 more last year\u2019s bonus \u2014 in recognition of their \u201coutstanding performance\u201d and \u201cunwavering dedication.\u201d Otterbourg\u2019s chairman, Richard L. Stehl, had this to say about the firm\u2019s generous bonus:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cWe are delighted to reward our associates for their incredible contributions during the first half of 2026. We are always gratified to see this group\u2019s ongoing commitment to clients, and this bonus reflects our strong appreciation for their tireless efforts.\u201d<\/p>\n<\/blockquote>\n<p class=\"wp-block-paragraph\">Otterbourg is a firm that\u2019s known for spreading the wealth among its associates. For example, when firms were first returning to the office in the wake of the pandemic, Otterbourg offered up a\u00a0<a href=\"https:\/\/abovethelaw.com\/2022\/03\/otterbourg-rto-bonus\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$25,000 bonus<\/a>\u00a0to its attorneys as a welcome back gift. The firm enjoys celebrating its associates\u2019 achievements and is eager to continue to invest in their talent.<\/p>\n<p class=\"wp-block-paragraph\">Congratulations to everyone at Otterbourg! <\/p>\n<p class=\"wp-block-paragraph\">Now that <a href=\"https:\/\/abovethelaw.com\/2026\/07\/summer-surprise-milbank-announces-special-bonuses-up-to-25k\/\" rel=\"nofollow noopener\" target=\"_blank\">Milbank has announced summer bonuses<\/a>, when will your firm make its own bonus announcement? Stay tuned.<\/p>\n<p class=\"wp-block-paragraph\">Remember everyone, we depend on your tips to stay on top of compensation updates, so when your firm announces or matches, please text us (<a href=\"tel:646-820-8477\" target=\"_blank\" rel=\"noreferrer noopener\">646-820-8477<\/a>) or\u00a0<a href=\"mailto:tips@abovethelaw.com?subject=%5BFirm%20Name%5D%20Bonus\/Matches\" target=\"_blank\" rel=\"noreferrer noopener\">email us<\/a>\u00a0(subject line: \u201c[Firm Name] Bonus\/Matches\u201d). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don\u2019t want to forward the original PDF or Word file.<\/p>\n<p class=\"wp-block-paragraph\">And if you\u2019d like to sign up for ATL\u2019s 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\u2019t need to do anything. You\u2019ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for your help!<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\">\n<figure class=\"wp-block-image alignright\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" width=\"150\" height=\"100\" src=\"https:\/\/i0.wp.com\/abovethelaw.com\/wp-content\/uploads\/sites\/4\/2016\/11\/Staci-Zaretsky.jpg?resize=150%2C100&#038;ssl=1\" alt=\"\" class=\"wp-image-66762\" title=\"\"><figcaption><\/figcaption><\/figure>\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/abovethelaw.com\/author\/staci-zaretsky\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Staci Zaretsky<\/a> is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to <a href=\"mailto:staci@abovethelaw.com\" target=\"_blank\" rel=\"noreferrer noopener\">email<\/a> her with any tips, questions, comments, or critiques. You can follow her on <a href=\"https:\/\/bsky.app\/profile\/stacizaretsky.bsky.social\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bluesky<\/a>, <a href=\"https:\/\/twitter.com\/stacizaretsky\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">X\/Twitter<\/a>, and <a href=\"https:\/\/www.threads.net\/@stacizaretsky\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Threads<\/a>, or connect with her on <a href=\"https:\/\/www.linkedin.com\/in\/staci-zaretsky\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">LinkedIn<\/a>.<\/em><\/strong><\/p>\n<p>The post <a href=\"https:\/\/abovethelaw.com\/2026\/07\/cha-ching-another-firm-joins-the-bonus-party\/\" rel=\"nofollow noopener\" target=\"_blank\">Cha-Ching: Another Firm Joins The Bonus Party<\/a> appeared first on <a href=\"https:\/\/abovethelaw.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Above the Law<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">The summer bonus dominoes just keep falling. While much of Biglaw remains frozen in its usual \u201cwaiting to see what everyone else does\u201d stance, another firm has decided there\u2019s no point in making associates sweat through August wondering whether extra money is on the way.<\/p>\n<p class=\"wp-block-paragraph\">Today, New York-based midsize firm\u00a0<a href=\"https:\/\/www.otterbourg.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Otterbourg<\/a> announced that all of its full-time associates will receive a handsome midyear bonus of $20,000  \u2014 $5,000 more last year\u2019s bonus \u2014 in recognition of their \u201coutstanding performance\u201d and \u201cunwavering dedication.\u201d Otterbourg\u2019s chairman, Richard L. Stehl, had this to say about the firm\u2019s generous bonus:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cWe are delighted to reward our associates for their incredible contributions during the first half of 2026. We are always gratified to see this group\u2019s ongoing commitment to clients, and this bonus reflects our strong appreciation for their tireless efforts.\u201d<\/p>\n<\/blockquote>\n<p class=\"wp-block-paragraph\">Otterbourg is a firm that\u2019s known for spreading the wealth among its associates. For example, when firms were first returning to the office in the wake of the pandemic, Otterbourg offered up a\u00a0<a href=\"https:\/\/abovethelaw.com\/2022\/03\/otterbourg-rto-bonus\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$25,000 bonus<\/a>\u00a0to its attorneys as a welcome back gift. The firm enjoys celebrating its associates\u2019 achievements and is eager to continue to invest in their talent.<\/p>\n<p class=\"wp-block-paragraph\">Congratulations to everyone at Otterbourg! <\/p>\n<p class=\"wp-block-paragraph\">Now that <a href=\"https:\/\/abovethelaw.com\/2026\/07\/summer-surprise-milbank-announces-special-bonuses-up-to-25k\/\" rel=\"nofollow noopener\" target=\"_blank\">Milbank has announced summer bonuses<\/a>, when will your firm make its own bonus announcement? Stay tuned.<\/p>\n<p class=\"wp-block-paragraph\">Remember everyone, we depend on your tips to stay on top of compensation updates, so when your firm announces or matches, please text us (<a href=\"tel:646-820-8477\" target=\"_blank\" rel=\"noreferrer noopener\">646-820-8477<\/a>) or\u00a0<a href=\"mailto:tips@abovethelaw.com?subject=%5BFirm%20Name%5D%20Bonus\/Matches\" target=\"_blank\" rel=\"noreferrer noopener\">email us<\/a>\u00a0(subject line: \u201c[Firm Name] Bonus\/Matches\u201d). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don\u2019t want to forward the original PDF or Word file.<\/p>\n<p class=\"wp-block-paragraph\">And if you\u2019d like to sign up for ATL\u2019s 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\u2019t need to do anything. You\u2019ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for your help!<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\">\n<figure class=\"wp-block-image alignright\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" width=\"150\" height=\"100\" src=\"https:\/\/i0.wp.com\/abovethelaw.com\/wp-content\/uploads\/sites\/4\/2016\/11\/Staci-Zaretsky.jpg?resize=150%2C100&#038;ssl=1\" alt=\"\" class=\"wp-image-66762\" title=\"\"><figcaption><\/figcaption><\/figure>\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/abovethelaw.com\/author\/staci-zaretsky\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Staci Zaretsky<\/a> is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to <a href=\"mailto:staci@abovethelaw.com\" target=\"_blank\" rel=\"noreferrer noopener\">email<\/a> her with any tips, questions, comments, or critiques. You can follow her on <a href=\"https:\/\/bsky.app\/profile\/stacizaretsky.bsky.social\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bluesky<\/a>, <a href=\"https:\/\/twitter.com\/stacizaretsky\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">X\/Twitter<\/a>, and <a href=\"https:\/\/www.threads.net\/@stacizaretsky\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Threads<\/a>, or connect with her on <a href=\"https:\/\/www.linkedin.com\/in\/staci-zaretsky\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">LinkedIn<\/a>.<\/em><\/strong><\/p>\n<p>The post <a href=\"https:\/\/abovethelaw.com\/2026\/07\/cha-ching-another-firm-joins-the-bonus-party\/\" rel=\"nofollow noopener\" target=\"_blank\">Cha-Ching: Another Firm Joins The Bonus Party<\/a> appeared first on <a href=\"https:\/\/abovethelaw.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Above the Law<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The summer bonus dominoes just keep falling. While much of Biglaw remains frozen in its usual \u201cwaiting to see what everyone else does\u201d stance, another firm has decided there\u2019s no point in making associates sweat through August wondering whether extra money is on the way. Today, New York-based midsize firm\u00a0Otterbourg announced that all of its [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":158590,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-158627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2026\/07\/Staci-Zaretsky-f3SyU9.jpg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/158627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=158627"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/158627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/158590"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=158627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=158627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=158627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}