Associate Compensation Scorecard: Biglaw’s 2023 Cash Bash

Firm Salaries Bonuses Minimum Hours Bonus Payout Date Milbank
FIRST MOVER
November 7, 2023
December 5, 2023 (re-raise) Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K
Class of 2016: $115K None December 31, 2023 Wilkinson Stekloff
November 20, 2023 Undisclosed Class of 2023: $26.25K
Class of 2016+: $201.25K None December 15, 2023 Cravath
NEW MARKET LEADER
November 28, 2023 Class of 2023: $225K
Class of 2017: $420K Class of 2023: $15K
Class of 2017: $105K None December 15, 2023 McDermott
November 28, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K
Class of 2016+: $115K 2000 hours Undisclosed Paul Hastings
November 28, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K
Class of 2016+: $115K 2000 hours February 9, 2024 Paul, Weiss
November 29, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K
Class of 2016: $115K
Addt’l discretionary bonuses in 2024 None Undisclosed Baker McKenzie
November 29, 2023 Class of 2024: $225K
Class of 2016+: $435K Class of 2022: $15K
Class of 2016+: $115K Undisclosed; Addt’l “premium” bonuses for those who “materially exceeded” billables February 9, 2024 Proskauer
November 29, 2023 Class of 2023: $225K
Class of 2015: $435K Class of 2023: $15K (pro-rated)
Class of 2015: $115K None December 22, 2023 Dechert
November 29, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2022: $20K
Class of 2016+: $115K 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 (i.e., 2200 hours = addt’l 30%; 2400+ hours = addt’l 40%) Undisclosed Hogan Lovells
November 29, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2022: $20K
Class of 2016+: $115K 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) Last pay period in 2023 Skadden
November 29, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K
Class of 2016+: $115K or $125K 1800 “productive hours” (including unlimited pro bono time and up to 150 hours of productive non-billable work) Undisclosed Cleary
November 29, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K None December 22, 2023 Sidley
November 30, 2023 Class of 2023: $225K
Class of 2015: $445K Class of 2022: $20K
Class of 2015+: $115K 2000 hours required for base bonuses; associates with “higher productivity and/or exceptional performance” will receive additional bonuses Prior to December 31, 2023 Davis Polk
November 30, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K
Class of 2016+: $115K None Undisclosed Fried Frank
November 30, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K 1850-1999 hours for up to 25% of full bonus; 2000-2199 hours for full bonus; 2200-2449 hours for full bonus plus 15% premium; 2450+ hours for full bonus plus 30% premium; premiums range from $3,000 to $34,500 On or before December 31, 2023 Norton Rose Fulbright
November 30, 2023 Class of 2023: $225K
Class of 2016: $435K TBA Undisclosed TBA Mayer Brown
November 30, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K NY: 1900 client equivalent hours; Outside NY: 2000 hours for base bonus, stub years not included (1900 CE hours required); 2100 hours for $23K-$132.25K, 2200 hours for $24K-$138K, 2300 hours for $26K-$149.5K February 16, 2024 Kirkland
November 30, 2023 Class of 2023: $225K
Class of 2018: $390K TBA None TBA Willkie
November 30, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K (pro-rated)
Class of 2016: $115K None December 29, 2023 Holwell Shuster
November 30, 2023 Class of 2023: $225K
Class of 2017: $420K Class of 2023: $15K (pro-rated)
Class of 2017: $105K None On or before December 31, 2023 Akin Gump
November 30, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K 1950 hours (including 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 2024 O’Melveny
November 30, 2023 1st Year Assocs: $225K
3rd Year Counsel: $435K Class of 2022: $20K
Class of 2016+: $115K None Undisclosed Debevoise
November 30, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K None Undisclosed Vinson & Elkins
November 30, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Based on hours and good standing; “supplemental bonuses” available for associates who had an “exceptional year” January 31, 2024 Simpson Thacher
November 30, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K (pro-rated)
Class of 2016: $115K None December 29, 2023 Covington
December 1, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Undisclosed Undisclosed Baker Botts
December 1, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2022: $20K
Class of 2016+: $115K Based on hours (“enhanced” bonuses available for “exceptional” performance) Undisclosed Yetter Coleman
December 1, 2023 Class of 2023: $225K
Class of 2017+: $420K Class of 2023: $15K (pro-rated)
Class of 2017+: $105K 1850 hours for partial bonus (including up to 100 pro bono hours); 2050 hours for full bonus (including up to 120 pro bono hours, up to 10 diversity & inclusion hours, and up to 10 professional development hours) December 18, 2023 Gibson Dunn
December 1, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Undisclosed Undisclosed Morgan Lewis
December 1, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K (pro-rated)
Class of 2016: $115K 1900+ hours (20 of which must be pro bono hours) Undisclosed Clifford Chance
December 4, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K None (based on overall performance, quality of work, contributions to firm, teamwork, and pro bono) January 12, 2024 AZA
December 4, 2023 Class of 2023: $225K
Class of 2020: $310K Class of 2023: $15K (pro-rated)
Class of 2020: $57.5K None (based on overall performance; elder class years also have the chance to receive salary and bonus matches, but they must be “strong performers”) Undisclosed Boies Schiller
December 4, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K For market bonuses: 2000-2349 hours for regular bonus; 2350-2599 hours for extraordinary bonus (last year was $30K (pro-rated)-$150K); 2600+ hours for extra-extraordinary bonus (last year was $40K (pro-rated)-$165K); formula bonuses up to $300K or more) Week of December 4, 2023 Weil Gotshal
December 4, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K None January 31, 2024 Fish & Richardson
December 4, 2023 A1: $225K
A7: $420K Individualized 2100 hours (including up to 200 pro bono/DEI hours) or strongest reviews based on quality of work; above-market bonuses for “a number of associates” Undisclosed Ropes & Gray
December 4, 2023 Class of 2023: $225K
Class of 2015+: $445K Class of 2023: $15K (pro-rated)
Class of 2015+: $130K 1900 creditable hours (increased bonuses for associates who annualized above hourly target) December 22, 2023 White & Case
December 4, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K (pro-rated)
Class of 2016: $115K Eligibility criteria detailed in separate memo February 14, 2024 Winston & Strawn
December 4, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K 2000 hours for market bonus (additional bonus money for associates who “substantially exceed” productivity goals) January 31, 2024 DLA Piper
December 5, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Based on seniority, performance rating (3, 4 or 5), and total bonus hours (2000 hours, 1850 of which must be client billable, with up to 150 approved non-billable hours, including pro bono, shadowing, and knowledge management hours); incremental increases for 2100+ hours Undisclosed Fenwick & West
December 5, 2023 Tier 1/Level 1: $225K
Tier 3: $420K+ Tier 1/Level 1: $15K
Tier 3: $115K 1950 hours (“Triple R” rewards for associates who bill 2100+ hours, ranging from $3K to $12K; condominium program rewards for associates who made “extraordinary contributions” to the firm) December 29, 2023 Cadwalader
December 6, 2023 Class of 2023: $225K
Class of 2015: $435K Class of 2023: $15K (pro-rated)
Class of 2015: $115K Additional bonuses “equal to 120% of [market bonuses]” for high billers with 2200 hours or more February 2024 Cahill
December 6, 2023 Class of 2023: $225K
Class of 2015: $435K Class of 2023: $15K (pro-rated)
Class of 2015: $115K Special bonuses ranging from $2.5K (class of 2022) to $40K (class of 2015) Undisclosed Massumi + Consoli LLP
December 6, 2023 Class Year 1: $225K
Class Year 6: $390K TBA 1900 hours (associates participate in “phantom equity” program that adds more bonus cash to their compensation) Undisclosed Arnold & Porter
December 7, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Based on hours (10% additional class-year bonus for 2400-2499 hours; 15% additional class-year bonus for 2500-2599 hours; 20% additional class-year bonus for 2600+ hours) January 31, 2024 Sheppard Mullin
December 7, 2023 A1: $225K
C2: $435K A1: $20K
C2: $115K 2000 hours for base bonus (associates who record 1950 hours will receive a partial bonuse; associates who record 2200 and 2400 hours will receive 110% and 120% of the market bonus) January 26, 2024 Allen & Overy
December 7, 2023 Class of 2023: $225K
Class of 2016: $425K Class of 2023: $15K (pro-rated)
Class of 2016: $115K None Undisclosed Herbert Smith Freehills
December 8, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K (pro-rated)
Class of 2016: $115K Undisclosed January 12, 2024 Shearman & Sterling
December 8, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Undisclosed January 31, 2024 Freshfields
December 8, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K None December 29, 2023 Susman Godfrey
December 11, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2021: $150K
Class of 2014: $350K
(medians) None (all employees will also receive special bonuses on top of their year-end bonuses) Undisclosed Pillsbury
December 11, 2023 First-Years: $225K
Counsel: $435K First-Years: $15K (pro-rated)
Counsel: $115K Undisclosed (top performers at the firm could earn an additional super bonus ($50,000) on top of market bonuses) Undisclosed Ross Aronstam
December 12, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K (pro-rated)
Class of 2016: $115K None December 15, 2023 Selendy Gay Elsberg
December 12, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $17.25K
Class of 2016+: $132.5K None (some associates will receive even more bonus money based on “holistic assessment of performance, hours, and commitment to the firm”; some associates received bonuses more than 60% above market) December 15, 2023 Hueston Hennigan
December 12, 2023 Class of 2023: $225K
Class of 2016+: $435K All associates in good standing reportedly received above-market bonuses (with some topping $200K) Based on class year, hours, and good standing Undisclosed Schulte Roth & Zabel
December 12, 2023 Class of 2023: $225K
Class of 2015: $445K Class of 2023: $15K
Class of 2014: $115K 2000 hours; below 1600 hours, associates receive $5K bonus; at 1600 hours, associates receive 50% of bonus; step-up bonuses from $2.5K to $15K for reaching 2300 hours, 2500 hours, and 2700 hours (potential max bonuses of $27.5K to $160K) January 22, 2024 Sullivan & Cromwell
December 12, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K (pro-rated)
Class of 2016: $115K Undisclosed Undisclosed Seward & Kissel
December 13, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2022: $20K (pro-rated)
Class of 2016+: $115K Undisclosed First quarter of 2024 Glenn Agre
December 13, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2022: $20K (pro-rated)
Class of 2016: $115K Undisclosed (associates eligible to receive a “premium” on top of regular bonus based on “extraordinary dedication and/or performance”) December 15, 2023 Bracewell
December 13, 2023 Class of 2023: $225K
Class of 2016+: $435K TBA Undisclosed TBA Morrison & Foerster
December 13, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Undisclosed; additional bonuses for high billers plus individualized merit bonuses February 15, 2024 Lowenstein Sandler
December 13, 2023 Class of 2023: $225K
Class of 2021: $260K
Class of 2020+: Black box Class of 2023: $15K (pro-rated)
Class of 2016+: $115K 1950 hours (firm’s bonus scale rewards only the highest performers with market rates; additional bonus money for highest billers (2250+ hours) Undisclosed Linklaters
December 14, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2022: $20K
Class of 2016+: $115K None December 29, 2023 Gjerset & Lorenz
December 14, 2023 Class of 2023: $225K
Class of 2016: $435K Class of 2023: $15K
Class of 2016: $115K 1900 hours (2000 hours for $20K-$130K; 2100 $27.5K-$150K; 2200 hours for $35K-$165K); the firm also awards individualized merit bonuses on top of regular bonuses On or before December 31, 2023 Kramer Levin
December 15, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Eligible associates in good standing will receive bonuses February 15, 2024 Katten
December 15, 2023 Class of 2023: $225K
Class of 2016+: $420K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K 2000 hours (2100 hours for $22K-$126.5K; 2200 hours for $24K-$138K; 2300 hours for $26.5K-$149.5K; 2400 hours for $31K-$172.5K); additional “superstar” bonuses available Undisclosed Choate
December 15, 2023 First Years: $225K
Second Year+ Principals: $435K TBA Undisclosed Undisclosed Williams & Connolly
December 15, 2023 Class of 2023: $250K
Class of 2016+: $455K TBA Undisclosed Undisclosed McKool Smith
December 15, 2023 Class of 2023: $230K
Class of 2017: $420K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K Undisclosed; high billers will receive additional bonus money Undisclosed Foley & Lardner
December 15, 2023 Class of 2024: $225K
Senior Counsel: $420K TBA Undisclosed Undisclosed Orrick
December 18, 2023 Assoc. Year 1: $225K
Senior Assoc. Year 2+: $435K TBA Undisclosed Undisclosed Alston & Bird
December 18, 2023 Class of 2023: $225K
Class of 2017: $420K Class of 2023: $15K (pro-rated)
Class of 2016+: $115K 2000 hours (additional bonuses available for those billing over 2200 hours and on a case-by-case basis to those making extraordinary non-billable contributions to the firm) March 2024 Quinn Emanuel
December 18, 2023 TBA Class of 2023: $15K (pro-rated)
Class of 2016+: $115K 2000-2099 hours for $10K-$76.6K; 2100-2399 hours for base bonus; 2400-2699 hours for $18K-$138K; 2700+ hours for $20.25K-$155.25K (the firm also awarded special bonuses to associates in October 2023) December 22, 2023 Perry Law
December 19, 2023 Class of 2023: $230K
Class of 2016+: $440K Class of 2023: $20K
Class of 2016+: $120K Undisclosed (some year-end bonuses have exceeded class year amounts by more than double) December 21, 2023 Tensegrity
December 20, 2023 Undisclosed Class of 2023: $22.5K
Class of 2016+: $172.5K Undisclosed (associates will receive “above ‘market’ bonuses at 150% of market rates”) January 31, 2024 Irell
December 20, 2023 Undisclosed Class of 2023: $45K (pro-rated)
Class of 2016+: $175K Undisclosed (“total bonuses … (spring plus end of year 2023) average more than twice the total market bonuses being paid by most other high-end firms”) December 22, 2023 Goodwin
December 21, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2022: $20K
Class of 2016+: $115K 1950 hours (additional bonus money for those who billed “materially higher” hours) Late January 2024 Latham
December 21, 2023 Class of 2023: $225K
Class of 2015+: $445K TBA TBA TBA King & Spalding
December 21, 2023 Class of 2023: $225K
Class of 2017+: $420K TBA 1950 hours (additional bonus money for every 100 hours billed over the firm’s minimum hours target) TBA Hunton Andrews Kurth
December 21, 2023 Class of 2023: $225K
Class of 2016+: $435K Class of 2023: up to $15K
Class of 2016+: up to $115K Undisclosed (associates must meet performance expectations with regard to their commitment, quality of work, productivity, and overall economic and firm contribution) April 1, 2024 Wilson Sonsini
January 4, 2024 Class of 2023: $225K
Class of 2016+: $435K Class of 2022: $15K
Class of 2015+: $115K 1950 hours (first 40 hours of vacation time included as billable time) January 31, 2024

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