Ho Ho Ho! We Love These Raises And Bonuses!

// Bonus season is always exciting around Above the Law. Mostly because it provides an opportunity to stretch our pun muscles with groan-inducing headlines that you all complain about (but secretly love… we know it).

And when bonuses come packaged with raises… all the better.

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You know the drill by now. Hogan Lovells brought in $2,432,000,000 in revenue last year placing them 12th in the Am Law 100. The firm may not have absorbed Shearman this year, but it still ended up with an influx of talent from Stroock & Stroock.

Base compensation set to increase effective January 1.

Class of 2023: $225,000
Class of 2022: $235,000
Class of 2021: $260,000
Class of 2020: $310,000
Class of 2019: $365,000
Class of 2018: $390,000
Class of 2017: $420,000
Class of 2016+: $435,000

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Bonuses are as follows:

Class of 2022: $20,000
Class of 2021: $30,000
Class of 2020: $57,500
Class of 2019: $75,000
Class of 2018: $90,000
Class of 2017: $105,000
Class of 2016+: $115,000

Those will be paid in the last paycheck of the year. Additional bonuses available to those who exceeded billing requirements.

Memo reproduced on the next page.

Please help us help you when it comes to salary news at other firms. As soon as your firm’s memo comes out, please email it to us (subject line: “[Firm Name] Salary”) or text us (646-820-8477). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

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And if you’d like to sign up for ATL’s Salary & Bonus Alerts, please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish.

Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

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2023 Associate Salary Increase, Associate Bonus Watch 2023, Biglaw, Bonus News Alerts, Bonuses, Hogan Lovells, Money