Baker McKenzie Announces Associate Bonuses as High as $115,000

Baker McKenzie has announced its annual bonuses for associates, making it the first law firm to hand out extra pay to its junior talent this year.

The international law firm plans to pay US associates bonuses ranging from $20,000 to $115,000, based on seniority, according to a memo viewed by Bloomberg Law. The scale ups the amount for first-year associates to $20,000 from $15,000 in 2021 but otherwise largely matches last year’s bonus scale set by Wall Street’s Cravath, Swaine & Moore.

Bonuses will be paid in February. Baker McKenzie’s 2022 scale does not include an additional bonus for ...