Law360, New York (December 5, 2017, 6:28 PM EST) — A pair of litigation boutiques have revealed that their associates would receive year-end bonuses that either matched or exceeded the market scale established by Cravath Swaine & Moore LLP, which has remained the standard among many BigLaw firms.
Holwell Shuster & Goldberg LLP announced that its associate bonuses would align with the so-called Cravath scale, ranging from $15,000 to $100,000, while Wilkinson Stekloff & Eskovitz LLP, as it did last year, offered bonuses that exceeded that scale by 50 percent for all associates across the board, according to memos that were initially made public Tuesday on legal news blog Above The Law and whose authenticity was confirmed to Law360.
“As in the past, this year we remain committed to recognizing the contributions of our excellent associates,” Wilkinson Stekloff partners said in their memo. “And, we are fortunate again this year to be able to provide bonus compensation well above market levels.”
Associates who graduated law school in 2016 will receive $22,500, while the most senior-level associates will take in $150,000, with each tier being given one-and-a-half times the market standard set by Cravath. The firm employs 26 associates, none of whom graduated law school in 2017, according to a firm representative.
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