Biglaw bonus season is moving pretty quickly, with one firm after the next matching the prevailing market rate as a way to hold onto their best and brightest attorneys in this hot lateral market.

Perkins Coie — a firm that brought in $1,001,498,000 gross revenue in 2020, placing it at No. 42 in the most recent Am Law 100 ranking — is the latest firm to dole out bonuses to its associates. Bonuses at the firm tend to be individualized, but this time around, for most associates, it seems as if Perkins Coie is following where the market leads (depending on office).

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Associates received a memo detailing special bonuses as well as salaries and year-end bonuses, depending on office location. All bonus-eligible attorneys in all offices (typically those who have billed 1950 hours or more) will receive a special bonus.

Salary increases and year-end bonuses are a little tricky. If you’re an associate in a major office, your salary and bonus will likely be within (or perhaps even above) market range. If you’re in less of a major market office, that’s where things take a turn — for senior associates.

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We haven’t seen a salary and bonus table for Perkins Coie’s other offices. But sheesh… of all the times to offer high and low salary and bonus differentials, a talent war is not it. At least this isn’t happening in the firm’s major market offices, that we know of.

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Congrats to everyone at Perkins Coie. Hopefully you’re happy with your bonus!

*** 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. ***

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.

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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!

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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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Associate Bonus Watch 2021, Biglaw, Bonuses, Money, Perkins Coie