The Am Law Top 50 Compensation Scorecard: Bonuses (2022)

time money cash billable hour bonusIn the world of Biglaw, the most sought-after firms reside within the top tier of the Am Law 100. What does bonus compensation look like at these prominent firms? (We already maintain our comprehensive scorecard of all the bonus information we receive from our sources here.)

Today, we are compiling a table of the Am Law Top 50 firms (in alphabetical order) that have already matched the 2022 year-end bonus scale, the minimum hours required to receive those bonuses (if disclosed to ATL), and the date those bonuses were or will be paid. We will update this table on a regular basis as bonuses are announced. You’ll note there are some blanks — these firms either haven’t moved yet or we don’t have enough information to confirm all the details. If you see any information here that is missing, incorrect, or needs clarification, please tell us. We rely on our readers to get these things right. Help us provide the best information in our ongoing bonus coverage.

Firm Date Matched Minimum Hours Payout Date
Akin Gump
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 6, 2022 1950 hours (including with pro bono hours, general counsel hours, business development hours, and up to 100 hours of time spent on recruiting, diversity & inclusion, and/or innovation activities); associates with “exceptional” performance will receive larger bonuses February 2023
Alston & Bird
Arnold & Porter
Class of 2022: $15K
Class of 2015+: $115K
December 19, 2022 Based on hours (10% additional bonus for 2400-2499 hours; 15% additional bonus for 2500-2599 hours; 20% additional bonus for 2600+ hours) January 31, 2023
Baker McKenzie
Class of 2021: $20K
Class of 2015+: $115K
FIRST MOVER
November 21, 2022
Undisclosed February 10, 2023
Cleary Gottlieb
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 1, 2022 None December 23, 2022
Cooley
Covington
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 14, 2022 Based on hours (bonus scale increased by 10% for 2200+ hours, increased by another 10% for 2400+ hours) January 2023
Davis Polk
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 2, 2022 None December 30, 2022
Debevoise
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 2, 2022 None Undisclosed
Dechert
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 6, 2022 1950 hours (client billable, pro bono, firm as client, maximum of 50 community hours); associates who exceeded hours expectations eligible to receive an “extraordinary” bonus January 23, 2023
DLA Piper
Class of 2021: $20K
Class of 2015+: $115K
December 16, 2022 Based on seniority, performance rating (3, 4 or 5), and total bonus hours (including billable, billable equivalent, pro bono, shadowing, and knowledge management hours); incremental increases for higher bonus hours 50% bonus on December 30, 2022, 50% bonus on January 27, 2023
Foley & Lardner
Gibson Dunn
Goodwin Procter
Greenberg Traurig
Hogan Lovells
Class of 2021: $20K
Class of 2015+: $115K
December 2, 2022 2000 hours (including up to 150 pro bono hours until associates meet 1850 hours, then unlimited pro bono hours, and including up to 50 D&I hours, if they have billed at least 1800 hours; additional bonuses available for those who exceed hours minimums) December 30, 2022
Holland & Knight
Jones Day
K&L Gates
King & Spalding
Kirkland & Ellis
Individualized, above-market bonuses (but less so than usual)
December 20, 2022 None Undisclosed
Latham
Mayer Brown
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 7, 2022 NY: 1900 client equivalent hours; Outside NY: 2000 hours for base bonus, stub years not included (1900 CE hours required), 2100 hours for $23K-$132K, 2200 hours for $24K-$138K, 2300 hours for $$26K-$149.5K February 17, 2023
McDermott Will & Emery
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
November 30, 2022 2000 hours (“substantial incremental bonuses” for associates who went “above and beyond” in hours and performance; ~65% of associates will earn above Cravath scale) December 29, 2022
Milbank
Class of 2022: $15K
Class of 2014: $115K
December 2, 2022 None December 31, 2022
Morgan Lewis
Class of 2022: $15K (pro-rated)
Class of 2016: $105K
December 2, 2022 1900+ hours (20 of which must be pro bono hours) January 31, 2023
Morrison & Foerster
Norton Rose
Orrick
Assoc Year 1 (Fall ’22): $2.5K
Assoc Year 1: $20K
Senior Assoc Year 1+/Of Counsel: $115K
December 16, 2022 1950 hours (including up to 100 hours of a combination of training, DEI, business development, innovation, and other forms of firm and self-investment; pro bono hours; up to 40 hours of time devoted to unplugging) Undisclosed
Paul Hastings
Class of 2021: $20K
Class of 2015+: $115K
December 2, 2022 2000 hours February 3, 2023
Paul Weiss
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 2, 2022 None December 22, 2022
Perkins Coie
Class of 2021: $20K
Class of 2014+: $115K
December 13, 2022 1950 hours; bonuses are majority lockstep, with some individualized (using this scale as a base); bonuses are different in non-major markets; some offices have high/low ranges for sixth-years and above December 31, 2022
Proskauer
Class of 2022: $15K (pro-rated)
Class of 2014: $115K
December 8, 2022 None December 23, 2022
Quinn Emanuel
Reed Smith
Ropes & Gray
Class of 2022: $15K (pro-rated)
Class of 2015: $115K
Class of 2014+: $130K
December 2, 2022 1900 creditable hours (increased bonuses for associates who annualized above hourly target) December 23, 2022
Shearman & Sterling
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 16, 2022 None (BUT as of year-end, the firm has reportedly been enforcing a 2023 hours requirement to deny 2022 bonuses to associates, by (1) using a 10-month look back period (1/1-10/31); (2) applying a prorated utilization of 2050 hours; and (3) counting only billable and pro bono hours as follows: 110%+ utilization = market bonus; 100-109% utilization = 90% of market bonus; 90-99% utilization = 75% of market bonus; 0-89% utilization = 0% of market bonus) December 30, 2022
Sidley
Class of 2021: $20K
Class of 2014+: $115K
December 8, 2022 2000 hours required for base bonuses; associates with “higher productivity and/or exceptional performance” will receive additional bonuses Prior to December 31, 2022
Simpson Thacher
Class of 2022: $15K (pro-rated)
Class of 2015: $115K
December 5, 2022 None December 28, 2022
Skadden
Class of 2022: $15K (pro-rated)
Class of 2016: $105K or $115K
Class of 2015+: $115K or $125K
November 30, 2022 1800 “productive hours” (including unlimited pro bono time and up to 150 hours of productive non-billable work) December 16, 2022
Squire Patton
Sullivan & Cromwell
Troutman Pepper
Wachtell
Weil Gotshal
Class of 2022: $15K (pro-rated)
Class of 2015+ and 3-year Counsel: $115K
December 7, 2022 None January 31, 2023
White & Case
Class of 2022: $15K (pro-rated)
Class of 2014: $115K
December 9, 2022 Eligibility criteria detailed in separate memo February 13, 2023
Willkie Farr
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 2, 2022 None December 30, 2022
WilmerHale
Wilson Sonsini
Winston & Strawn
Class of 2022: $15K (pro-rated)
Class of 2015+: $115K
December 12, 2022 2000 hours for market bonus (additional $2K-$25K for every hundred hours over 2000 for Class of 2018-2021; additional $4K-$30K for every hundred hours over 2000 for Class of 2017+) January 31, 2023

Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm announces or matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] 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.

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Staci ZaretskyStaci Zaretsky is a senior editor at 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 Twitter or connect with her on LinkedIn.


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