Biglaw Firm Beats The Market For Associate Bonuses. Again.
Why match the market when you can go beyond!
A hill worth dying on? People love reading about bonuses! And this one comes from none other than Cahill. The firm reported $403,000,000 gross revenue and profits per equity partner of $4,351,000 in 2023 according to the most recent Am Law 100. That’s a lot of money!
This year, the firm’s financial success allowed it to push past the Milbank scale! Here’s the Cahill bonus breakdown:
This isn’t the first time that Cahill bonuses risen above the prevailing market rate. Goes to show knowing how your firm competes with the market matters — check out that $200K SUPER BONUS! As if that wasn’t enough, Cahill is in the process of expanding its practice areas and pulling talent from other firms. Greater successes, more money to spread!
Bonuses will be paid in the second half of January. What a start to the year!
We like hearing about bonuses almost as much as you enjoy spending them. As soon as your firm’s memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) 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.
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.
Full memo on the next page.
Chris Williams became a social media manager and assistant editor for Above the Law in June 2021. Prior to joining the staff, he moonlighted as a minor Memelord™ in the Facebook group Law School Memes for Edgy T14s. He endured Missouri long enough to graduate from Washington University in St. Louis School of Law. He is a former boatbuilder who cannot swim, a published author on critical race theory, philosophy, and humor, and has a love for cycling that occasionally annoys his peers. You can reach him by email at [email protected] and by tweet at @WritesForRent.
