Smartly, neatly, neatly, what do we’ve right here? It’s some other fit!
Cadwalader — a company that introduced in $608,953,000 gross earnings in 2021, hanging it in 73rd position in the newest Am Legislation 100 — has stepped into the Biglaw bonus zone. The company is providing friends the present marketplace price, which on this case, is going as much as $115,000 for its maximum senior friends.
Right here’s the bonus scale, should you’ve forgotten what it looks as if:
- Elegance of 2022: $15,000 (pro-rated)
- Elegance of 2021: $20,000
- Elegance of 2020: $30,000
- Elegance of 2019: $57,500
- Elegance of 2018: $75,000
- Elegance of 2017: $90,000
- Elegance of 2016: $105,000
- Elegance of 2015: $115,000
As an additional bonus for the company’s absolute best billers — we’re speaking friends who’ve logged 2200 or extra hours — year-end bonuses of 120% of the quantities indexed above shall be awarded. Very thrilling information!
Congratulations in your bonuses, Cadwalader friends! You’ll look ahead to seeing the cash to your accounts on the finish of February 2023.
(Turn to the following web page to look the overall memo from Cadwalader.)
Consider everybody, we rely on your tricks to keep on best of essential bonus updates, so when your company broadcasts or suits, please textual content us (646-820-8477) or e mail us (topic line: “[Firm Name] Fits”). Please come with the memo if to be had. You’ll take a photograph of the memo and ship it by way of textual content or e mail when you don’t wish to ahead the unique PDF or Phrase report.
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Staci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e mail her with any pointers, questions, feedback, or opinions. You’ll observe her on Twitter or attach along with her on LinkedIn.
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