Bloomberg Law
Dec. 4, 2020, 10:30 AM

Why Are Some Lawyers Getting an Extra $140K? Bonuses Explained

Meghan Tribe
Meghan Tribe

Big Law bonus season is in full swing, with top law firms handing out up to $140,000 in extra payments to associate attorneys.

This year, associates at the country’s elite law firms can expect a pair of bonuses. Some firms already gave lawyers up to $40,000 in special bonuses during the coronavirus pandemic, while others are playing catch up. That’s in addition to annual bonuses that top out at $100,000.

In a year marked by pandemic-driven cost cutting across the industry, associates welcome the extra cash, which is a possible sign firms have weathered the crisis.

Although payments fluctuated over ...

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