Boies Schiller Tops Bonus Scale Again As Most Match Market
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As it does every year, Boies, Schiller & Flexnerhas awarded 2013 associate bonuses significantly sweeter than those doled out by the rest of The Am Law 100, with the firm’s high end hitting $300,000. Meanwhile, at least 10 other firms have now fallen in line with the $10,000-to-$60,000 range set, as usual, by Cravath, Swaine & Moore earlier this month.
Associates at the 16-year-old Cravath spin-off received extra payments of $85,000 apiece on average this year based on a combination of factors that included hours billed, seniority, origination credit, client responsibilities, and success premiums, according to Boies Schiller cofounder and managing partner Jonathan Schiller.
New associates who have been with the firm just a few weeks or months got bonuses of as little as $5,000 or $10,000, Schiller says, while those nabbing the fattest checks earned $300,000—substantially more than last year’s maximum of $250,000. The minimum amount awarded to associates with the firm for at least a year was the same as last year: $25,000.
“Fees are not just for partners,” Schiller says. “They’re for associates and for everyone who worked on a case.”
Read original articleTags: Boies Schiller, Cravath, Jonathan Schiller, Schiller & Flexnerhas, Swaine & Moore
