Legal Law

Downtown Biglaw Mainstay Announces … Probably a Bonus Match?

Look, it’s very easy.

If your goal is to hit the applicable pay rate, that’s how far you want to broadcast. Indeed, if your plan is to exceed the prevailing rate, you have more reason to promote this fact. The only reason to keep things dodgy is if you’re hoping to swap some employees.

Why do we get class-specific bonus notes from Cahill that appear to be in line with the market price? If it’s a full game just say it!

Maybe there is a fly in the ointment, but so far Cahill looks like a match. Just as a refresher, a match would look like this:


Class of 2020 $ 4,500 $ 7,500 $ 12,000 Class of 2019 $ 6,000 $ 10,000 $ 16,000 Class of 2018 $ 12,000 $ 20,000 $ 32,000 Class of 2017 $ 16,500 $ 27,500 $ 44,000 Class of 2016 $ 19,500 $ 32,500 $ 52,000 Class of 2015 $ 22,200 $ 37,000 $ 59,200 Class of 2014 $ 24,000 $ 40,000 $ 64,000

Payouts are made in June and then again at the end of the year. Nothing more specific … maybe they want to include it in the final annual bonus.

And who knows what will happen to Counsel. Cahill pays its partners very well at the expense of very few. The lawyers are basically gold handcuffed to a FiDi radiator from this company, which is just enough not to test their chances with another company, although they are unlikely to win the bid to join the partnership. Hopefully they get a taste of these bonuses for their troubles.

If the company is running short somewhere (or faster somewhere … although we don’t expect that here), let us know.

Please help us with bonus messages from other companies. As soon as your company’s bonus memo is published, please send it to us by email (subject: “[Firm Name] Bonus ”) or write to us (646-820-8477). Please attach 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.

If you’d like to sign up for ATL’s bonus notifications, please scroll down and enter your email address in the box below this post. If you have previously signed up for the bonus notifications, you do not need to do anything. You will receive an email notification within minutes of every bonus announcement we publish.

Joe Patrice is Senior Editor at Above the Law and co-moderator of Thinking Like A Lawyer. Feel free to email tips, questions, or comments. Follow him on Twitter for all the law, politics, and a healthy dose of college sports news. Joe is also the managing director of RPN Executive Search.

Enter your email address to sign up for ATL’s bonus and salary increase notifications.

Related Articles