Biglaw Firm Announces Bonuses Topping The Market Scale

If you’ve got to wait until January to learn about your bonus, the least the firm can do is toss you a little extra to make it worth the wait.

Latham & Watkins is a January bonus player who understands the pain of waiting while your peers at other firms celebrate holiday bonuses. So again this year, Latham is offering a sliding scale of bonuses that top the market base for most associates.

Here are the median and top bonuses by class year announced in the Latham memo. Bonus payments kick in at a 1900-hour minimum:

Comparing these numbers to last year, there’s definitely a bump for the big revenue firm. Taking the median bonuses of each year:

2019 Median 2020 Median
1st $15,000 $15,000
2nd $25,000 $25,875
3rd $52,500 $53,000
4th $68,500 $71,500
5th $85,000 $88,500
6th $97,500 $100,000
7th $107,500 $116,000

Last year, the table included one more class year at $110,000. They appear to be sucked up into the 7th year plus class this time around. Otherwise, the firm is showing off another strong year of growth.

Please help us help you when it comes to bonus news at other firms. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) or text us (646-820-8477). 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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HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

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