Goodwin Procter is giving associates a pair of extra payments totaling up to $140,000, matching the seniority-based bonus scale used by Wall Street’s Cravath, Swaine & Moore and other Big Law firms.
The Boston-founded firm will pay bonuses by January 30, according to an internal Tuesday email obtained by Bloomberg Law. Associates to be eligible must bill at least 1,950 hours, which includes pro bono work plus 100 hours of so-called innovation work and 25 hours of training time.
Goodwin is also giving bonuses to the professional staff, which the firm calls the global operations or GO Team. The firm will determine their eligibility based on performance and set the amounts individually, according to the email.
“The GO Team was essential to our success again in fiscal year 2025,” Goodwin managing partner Mark Bettencourt and chief operating officer Mary O’Carroll said in the email. “Your work enables our lawyers to deliver exceptional client service, powers our operations, and drives the Goodwin 2033 strategy that is propelling us forward.”
The bonuses come after a strong fiscal performance from the firm. Goodwin made a record $2.7 billion in revenue in its last fiscal year, which ended Sept. 30. The firm’s mergers and acquisitions and litigation work boosted the firm’s revenue.
Goodwin elected a new managing partner, Joshua Klatzkin, in October. The private equity lawyer is set to join leadership October 2026 and succeed the firm’s current managing partner Bettencourt.
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