With Salary Bump, Associate Compensation No Longer For The Birds

// ‘Tis the season for compensation news. With $1,061,457,000 in gross revenue last year, Alston & Bird sits at #47 on the Am Law 200 and it’s going to share more of that bounty with associates as it moves to match the prevailing market rate.

As of January 1, associates will see their salaries bumped up.

googletag.cmd.push( function() { // Display ad. googletag.display( "div-id-for-top-300x250" ); }); Class Bonus Class of 2023 $225K Class of 2022 $235K Class of 2021 $260K Class of 2020 $310K Class of 2019 $365K Class of 2018 $390K Class of 2017 $420K

Meanwhile, the firm’s bonuses will be paid to associates meeting the 2000-hour billing threshold, with additional bonuses available for those billing over 2200 hours and on a case-by-case basis to those making extraordinary non-billable contributions to the firm.

Class Bonus Class of 2023 $15K (pro-rated) Class of 2022 $20K Class of 2021 $30K Class of 2020 $57.5K Class of 2019 $75K Class of 2018 $90K Class of 2017 $105K Class of 2016+ $115K googletag.cmd.push( function() { // Display ad. googletag.display( "div-id-for-middle-300x250" ); }); googletag.cmd.push( function() { // Display ad. googletag.display( "div-id-for-storycontent-440x100" ); });

Of note, the bonus scale has an entry for the class of 2016 while the salary scale ends at the seventh years.

Associates seem happy with the news, though less happy about the firm “unofficially and without any explicit policy requiring 5-day a week in-person attendance because Alston is ‘not a hybrid firm.'” Further proof that the war to retain talent is fought on multiple fronts.

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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, Alston & Bird, Associate Bonus Watch 2023, Biglaw, Bonus News Alerts, Bonuses, Money