Biglaw firms are beginning to crack and differentiate in their matches (or not) of Milbank’s generous year-end and special bonuses, but boutique firms are continuing to hold steady, offering truly eye-popping, market-beating bonus numbers to their loyal associates.
Gjerset & Lorenz, a healthcare boutique located in Austin, Texas, is offering up some gigantic bonuses that are sure to make associates feel truly valued.
Once again, the firm is offering base bonuses on the Milbank scale for 1900 hours billed, and for every hundred hours billed above that, even more money is added, up to $165,000 for its busiest senior associates. On top of that, the firm awards associates with individualized merit bonuses based on “contributions to training, recruiting, innovation, cultivation of client relationships, and positive enhancements to [the] firm’s work environment.” Check out Gjerset’s bonus grid, which details maximum bonus potential of up to $330K.
But that’s not all! The firm is offering additional bonuses on top of its already huge bonuses, to be paid out over the next four quarters, with the first installment due on March 31, 2025. “We made the decision to pay an additional bonus throughout this coming year to recognize the amazing success we experienced in 2024 and the importance of your individual contribution to that success,” write the partners.
Congratulations to everyone at Gjerset & Lorenz!
(Flip to the next page to read the full memo from the firm.)
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Staci 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 Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
