Bonuses are making their way through Biglaw! By and large, the industry had a successful year, and firms are sharing that monetary success with the attorneys who made it all possible. That’s good news for associates who spent the year billing and could use some extra cash to (probably) pay down their student loans.

The latest firm to announce bonuses — of both the annual and special varieties — is Arnold & Porter Kaye Scholer. The firm made $961,900,000 in gross revenue last year, making it 46th on the Am Law 100. As expected, the firm will be matching the prevailing market rate on those bonuses.

Associates in good standing will get bonuses according to the following grid:

Sponsored Professional Development Resources For Your Entire Firm: Looking Back On 2021 PLI continues to evolve to best address the needs of attorneys and other legal professionals – read about both our new and ongoing initiatives to… From Practising Law Institute   Year-End Bonus Special Bonus Class of 2021 $15,000 Class of 2020 $20,000 $4,000 Class of 2019 $30,000 $6,000 Class of 2018 $57,500 $11,500 Class of 2017 $75,000 $15,000 Class of 2016 $90,000 $18,000 Class of 2015 $105,000 $21,000 Class of 2014+ $115,000 $23,000

The firm also said that supplemental year-end bonuses — valued at 20 percent of an associate’s year-end bonus — are available. But (and it’s a big but), only for those who worked 2,600 hours (2,400 of which must be billable).

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You can read the full memo on the next page.

*** Wondering if the grass is greener on the in-house side? Click here for a look inside the black box of corporate counsel pay in our 2021 In-House Compensation Report. ***

Sponsored New Demographic Study Of Legal Operations Released This new report explores backgrounds of legal ops teams at 34 major corporations. From Above The Law and SimpleLegal

Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). 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.

And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), 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. Thanks for all of your help!

Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

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Arnold & Porter, Arnold & Porter Kaye Scholer, Associate Bonus Watch 2021, Biglaw, Bonuses, Money