![\"businesswoman](\"https:\/\/i0.wp.com\/abovethelaw.com\/wp-content\/uploads\/2016\/11\/businesswoman-lawyer-associate-raining-bonus-money-hands-in-air-300x200.jpg?resize=300%2C200&ssl=1\" "\\"\\"")
As they are wont to do, Biglaw firms have matched the prevailing market year-end<\/a>\u00a0and\u00a0special<\/a> bonus rates that were first set by Milbank in November, but some Biglaw firms are eager to go above and beyond to financially compensate associates who have truly dedicated themselves to their work by putting in a tremendous number of billable hours.<\/p>\nDechert \u2014 a firm that brought in $1,293,528,000 in gross revenue in 2023, putting it at No. 39 on the Am Law 100 \u2014 is one of those firms.<\/p>\n
The firm announced its Milbank match<\/a> in November, including its usual \u201cextraordinary\u201d bonuses for associates who hit 2,200 and 2,400 billable hours, awarding them with 30% and 40% above-market bonuses, respectively. But that\u2019s not all the firm is doing\u2026.<\/p>\n Sources tell us that on Christmas Eve, Mark E. Thierfelder and David W. Forti, the firm\u2019s co-chairs, sent out a firmwide memo thanking everyone for their had work in 2024, and letting attorneys know that Dechert would be offering additional \u201cenhanced\u201d bonuses to its hardest workers. Here\u2019s an excerpt from that memo:<\/p>\n This year, in addition to our usual 30% and 40% above market bonuses, we have enhanced bonuses up to 130% above the market to thank those who went well beyond our normal hours grid. For associates in EMEA who met the U.S. bonus targets, their bonus amounts will be commensurate with the U.S. scale. This is not setting a new hours expectation, but we recognize the incredible personal sacrifices that some of our lawyers have made to deliver truly outstanding client service.<\/p>\n<\/blockquote>\n Wow! Now that\u2019s a big bonus! These extra-extraordinary bonuses will be paid out by the end of January. Congratulations to everyone at Dechert!<\/p>\n (Flip to the next page to see the full memo.)<\/em><\/p>\n 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\u00a0email 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 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 1<\/strong> 2<\/a>Next \u00bb<\/a><\/p>\n Associates who made ‘incredible personal sacrifices’ will be receiving HUGE bonuses. The post Top 50 Biglaw Firm Offers Bonuses Up To 130% Above Market For Its Highest Billers appeared first on Above the Law. As they are wont to do, Biglaw firms have matched the prevailing market year-end\u00a0and\u00a0special bonus rates that were first set by […]<\/p>\n","protected":false},"author":0,"featured_media":99271,"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":[16,17],"tags":[],"class_list":["post-99270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law","category-legal_matters"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/01\/businesswoman-lawyer-associate-raining-bonus-money-hands-in-air-Gf6itY.jpeg?fit=724%2C483&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/99270","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"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=99270"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/99270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/99271"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=99270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=99270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=99270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\n![\"Staci](\"https:\/\/i0.wp.com\/abovethelaw.com\/wp-content\/uploads\/2016\/11\/Staci-Zaretsky.jpg?resize=150%2C100&ssl=1\" "\\"\\"")
Staci Zaretsky<\/a>\u00a0is a senior editor at Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n
\n![\"Bonus](\"https:\/\/i0.wp.com\/abovethelaw.com\/wp-content\/uploads\/2017\/11\/bonus-time-Biglaw-bonuses-money-law-firm-bonus.jpg?resize=600%2C468&ssl=1\" "\\"\\"")
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