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While many Biglaw firms rush to match Milbank’s impressive year-end and special bonuses, boutique firms are making waves by setting their benchmarks in associate compensation. Known for attracting top legal talent and rewarding their contributions handsomely, these elite firms continue to offer compensation packages that go beyond the traditional market scale. Among them, Selendy Gay stands out as a consistent leader in the bonus game.
A Tradition of Exceptional Rewards
For the seventh consecutive year, Selendy Gay has announced bonuses that not only meet but significantly exceed the prevailing Biglaw market rates. The firm’s bonus structure reflects its commitment to recognizing and rewarding excellence among its associates.
The base bonuses combined with special bonuses illustrate Selendy Gay’s emphasis on staying ahead in the legal market. Here’s a detailed breakdown of the bonus structure for associates, categorized by class year:
| Class Year | Regular Bonus | Special Bonus | Combined Bonus |
|---|---|---|---|
| 2017+ | $132,250 | $25,000 | $157,250 |
| 2018 | $120,750 | $25,000 | $145,750 |
| 2019 | $103,500 | $25,000 | $128,500 |
| 2020 | $86,250 | $20,000 | $106,250 |
| 2021 | $66,125 | $15,000 | $81,125 |
| 2022 | $34,500 | $10,000 | $44,500 |
| 2023 | $23,000 | $6,000 | $29,000 |
| 2024 | $17,250 | $6,000 | $23,250 |
Above and Beyond the Market Standard
Selendy Gay’s bonuses are already 15% higher than Biglaw’s prevailing bonus figures across the board. However, the firm doesn’t stop there. Associates who demonstrate exceptional performance, clock high billable hours, and contribute positively to firm culture may receive bonuses that exceed the market standard by more than 50%. Such a robust compensation structure underscores the firm’s dedication to retaining and motivating top-tier legal professionals.
A Payout to Celebrate
Associates at Selendy Gay can look forward to these substantial bonuses hitting their bank accounts on December 13, just in time for the holiday season. The firm’s approach to bonuses reflects not only financial generosity but also a recognition of the value that associates bring to the practice.
Setting a Benchmark for Excellence
Selendy Gay’s consistent ability to offer industry-leading bonuses highlights its position as an elite boutique law firm. By prioritizing compensation, the firm ensures that it attracts and retains the best legal talent. In an industry where competition is fierce, Selendy Gay continues to set the standard for rewarding legal excellence.
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Congratulations to all Selendy Gay associates for their well-deserved bonuses and the recognition of their hard work and dedication!
