US corporate lawyers are enjoying a happy holiday season with bonus announcements making waves in the industry. Boies Schiller Flexner has awarded associates over $1 million for exceptional performance, thanks to its unique pay formula that factors in client business origination, billable hours, and contingency case payouts.
Meanwhile, big law firms with traditional pay scales are also giving their associates a reason to celebrate. Most firms plan to match the scale set by Milbank, which ranges from $15,000 to $115,000 per year. This move aims to keep pace with growing talent demands in the industry. As the holiday season approaches, associates at these firms can look forward to receiving their bonuses and a boost in pay, making it a merry time for many big law lawyers.
Source: https://www.thetimes.com/business-money/economics/article/jealous-me-its-a-bumper-bonus-season-for-wall-street-lawyers-83ws97mlj