Lawyers

Boutiques Join in On Bonus Season
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

money bonus

Summary: A new trend of beating the bonus rates set by Cravath has started with another boutique announcing their higher rates.

Generally boutique law firms do not try to keep up with Big Law salary or bonus rates. However there are exceptions to this. Several boutiques announced matching salary rates when Cravath started the trend earlier this year. Now boutiques are jumping on the same bandwagon that Cravath started with bonuses with even some of them announcing better bonus rates than Cravath’s.

  
What
Where


We already mentioned that Greenberg Gross was beating the Cravath scale by $5K. Other boutiques matching or exceeding the Cravath scale included Wilkinson Walsh & Eskovitz, Holwell Shulster & Goldberg, and Desmarais LLP.

The Desmarais scale is as follows:

Class of 2016 – $15,000 signing bonus plus $5,000

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Class of 2015 – $25,000

Class of 2014 – $35,000



Class of 2013 – $80,000

Class of 2012 – $85,000

Class of 2011 – $115,000

Class of 2010 – empty

Class of 2009 – $150,000

Class of 2008 – $185,000

The boutique already pays their attorneys $20,000 above the New York market, they pay the health care premiums, and pay $4,000 into each 401k. The firm must be doing very well to be able to provide such top quality perks on top of salaries. Some complain that they are “patent trolls” but they seem to still be getting plenty of business.

Desmarais has adopted a different business model than most firms. They do not bill by the hour. Instead they charge clients based on the stages of litigation reached and the results achieved. Clients have been happy with the model because it keeps them from paying lots of money for less than ideal outcomes.

Do you think some of the Big Law firms that already announced their smaller bonuses will be seen as inadequate compared to these new bigger bonuses from smaller firms? Tell us in the comments below.

To learn more about the bonus announcements, read these articles:

Photo: pexels.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid to Senior Level Labor and Employment Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid to senior level labor and employment attorney.

Apply Now

Mid-Level Commercial Business Litigator

USA-CA-Los Angeles

Los Angeles office is seeking a commercial business litigation attorney with 2-5 years of experience...

Apply Now

Estate Planning Attorney

USA-CA-Los Angeles

Los Angeles office of our client seeks estate planning attorney with 4+ years of experience in admin...

Apply Now

Juvenile Dependency Law Associate Attorney

USA-CA-Arcadia

Arcadia office of our client seeks juvenile dependency law associate attorney with experience. The c...

Apply Now

RELEVANT JOBS

Attorney

USA-FL-Fort Lauderdale

Looking for attorney with a minimum  of two years experience.  Practice areas are primaril...

Apply now

Legal Assistant

USA-FL-Fort Myers

Do you love a fast-paced, go-go-go environment? Are you an upbeat, happy person? Are you self-direct...

Apply now

Attorney

USA-MO-Jefferson City

The Missouri Department of Transportation (MoDOT) has a vacancy for a staff attorney in its Central ...

Apply now

Attorney

USA-MO-Chesterfield

The Missouri Department of Transportation (MoDOT) has a vacancy for a staff attorney in its St. Loui...

Apply now

SEARCH IN ARCHIVE

To Top