Less than a week ago, Cravath brightened up the holiday season for Biglaw associates. How’d they do that? Money, of course! They announced raises that — for midlevel and senior associates — went over the Milbank raises from a few weeks prior. Now the only question is, which Biglaw firms will be able to match this new standard?
While it may be true that not every Biglaw firm will be able to match these raises, with over a billion in revenue, Weil was pretty much a lock. That’s right, last year, Weil made $1,767,107,000 in gross revenue, making it 23rd on the Am Law 100.
The result of all that success is a brand new compensation and bonus grid at the firm. The scale is as follows:
| Class Year | 2023 Overall Strong Year-End Bonus | Annual Salary Effective January 1, 2024 |
| 2023 | $15,000 (prorated) | $225,000 |
| 2022 | $20,000 | $235,000 |
| 2021 | $30,000 | $260,000 |
| 2020 | $57,500 | $310,000 |
| 2019 | $75,000 | $365,000 |
| 2018 | $90,000 | $390,000 |
| 2017 | $105,000 | $420,000 |
| 2016 and more senior | $115,000 | $435,000 |
Bonuses will be paid on January 31.
You can read the full memo on the next page.
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm 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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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @Kathryn1@mastodon.social.
