2006 New York City Elite Law Firm Bonuses


Last updated: February 8, 2007, 6:20PM


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Law Firm Vault Rank 2006 Bonuses

Announced?

Headquarters Class of 2006* Class of 2005 Class of 2004 Class of 2003 Class of 2002 Class of 2001 Class of 2000 Class of 1999
Wachtell Lipton

 1

Yes New York, NY $150,000 $150,000 $160,000 $175,000 $195,000 $215,000 Unknown Unknown
Cravath Swaine & Moore 2 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $60,000
Sullivan & Cromwell 3 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Skadden Arps 4 Yes New York, NY $30,000 $35,000 $40,000 $40,000 $50,000 $55,000 $60,000 $65,000
Davis Polk & Wardwell 5 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Simpson Thacher & Bartlett 6 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Cleary Gottlieb 7 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Latham & Watkins6 8 Yes Los Angeles, CA Unknown median: $35,000 (min: $35,000) median: $40,000 (min: $40,000) median: $47,500 (min: $45,000) median: $52,500 (min: $50,000) median: $57,500 (min: $55,000) median: $66,250 (min: $60,000) median: $77,500 (min: $65,000)
Weil Gotshal 9 No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
Kirkland & Ellis 10 Yes Chicago, IL Unknown $25,000 to $69,000 (median: $52,000) $17,000 to $78,000 (median: $59,000) $30,000 to $96,000 (median: $70,000) $37,000 to $108,000 (median: $82,000) $50,000 to $133,000 (median: $90,000) $87,000 to $140,000 (median: $114,000) Promotion to Non-Equity Partner
Covington & Burling 11 Yes Washington, DC $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Paul Weiss 12 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Debevoise & Plimpton 13 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Wilmer Hale 14 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Shearman & Sterling 15 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Sidley Austin1 16 Yes Chicago, IL $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Gibson Dunn 18 No Los Angeles, CA TBA TBA TBA TBA TBA TBA TBA TBA
Arnold & Porter 19 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
O'Melveny & Myers 20 No Los Angeles, CA TBA TBA TBA TBA TBA TBA TBA TBA
White & Case 21 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Jones Day 22 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Morrison & Foerster 23 Yes San Francisco, CA $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Hogan & Hartson 24 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Ropes & Gray 25 Yes Boston, MA $30,000 $35,000 $40,000 Unknown Unknown Unknown Unknown Unknown
Clifford Chance 26 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Mayer Brown 27 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
Milbank Tweed 28 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Fried Frank2 29 Yes New York, NY $33,500 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Paul Hastings 30 Yes Los Angeles, CA $35,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Cadwalader Wickersham & Taft 31 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Dewey Ballantine3 32 Yes New York, NY $16,750 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Akin Gump 33 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Wilson Sonsini 34 No Palo Alto, CA TBA TBA TBA TBA TBA TBA TBA TBA
Winston & Strawn 35 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
King & Spalding 36 No Atlanta, GA TBA TBA TBA TBA TBA TBA TBA TBA
Willkie Farr 37 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Orrick, Herrington & Sutcliffe 38 No San Francisco, CA TBA TBA TBA TBA TBA TBA TBA TBA
Proskauer Rose 39 No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
Baker Botts 40 No Houston, TX TBA TBA TBA TBA TBA TBA TBA TBA
Morgan Lewis 41 No Philadelphia, PA TBA TBA TBA TBA TBA TBA TBA TBA
Freshfields 42 No London, UK TBA TBA TBA TBA TBA TBA TBA TBA
Baker & McKenzie 43 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
Linklaters 44 Yes London, UK $35,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Boies, Schiller & Flexner 45 No Armonk, NY TBA TBA TBA TBA TBA TBA TBA TBA
Pillsbury Winthrop 46 No San Francisco, CA TBA TBA TBA TBA TBA TBA TBA TBA
McDermott, Will & Emery 47 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
Jenner & Block 48 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
DLA Piper 49 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
Fulbright & Jaworski 50 No Houston, TX TBA TBA TBA TBA TBA TBA TBA TBA
Dechert 51 No Philadelphia, PA TBA TBA TBA TBA TBA TBA TBA TBA
Goodwin Procter 53 No Boston, MA TBA TBA TBA TBA TBA TBA TBA TBA
LeBoeuf Lamb4 54 Yes New York, NY $30,000 to $45,000 $35,000 to $50,000 $40,000 to $55,000 $45,000 to $60,000 $50,000 to $65,000 $55,000 to $70,000 $60,000 to $75,000 $65,000 to $80,000
Cahill Gordon 55 Yes New York, NY $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Cooley Godward 57 No Palo Alto, CA TBA TBA TBA TBA TBA TBA TBA TBA
Vinson & Elkins 58 No Houston, TX TBA TBA TBA TBA TBA TBA TBA TBA
Alston & Bird 59 No Atlanta, GA TBA TBA TBA TBA TBA TBA TBA TBA
Allen & Overy 60 No London, UK TBA TBA TBA TBA TBA TBA TBA TBA
Sonnenschein Nath & Rosenthal 61 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
Heller Ehrman 62 No San Francisco, CA TBA TBA TBA TBA TBA TBA TBA TBA
Fish & Richardson 63 No Boston, MA TBA TBA TBA TBA TBA TBA TBA TBA
Holland & Knight 64 No Tampa, FL TBA TBA TBA TBA TBA TBA TBA TBA
Greenberg Traurig 65 No Miami, FL TBA TBA TBA TBA TBA TBA TBA TBA
Bingham McCutchen 66 No Boston, MA TBA TBA TBA TBA TBA TBA TBA TBA
Kaye Scholer 67 No New York, NY Unknown $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000
Foley & Lardner 68 No Milwaukee, WI TBA TBA TBA TBA TBA TBA TBA TBA
Steptoe & Johnson 69 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Hunton & Williams 70 No Richmond, VA TBA TBA TBA TBA TBA TBA TBA TBA
Chadbourne & Parke 73 No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
K&L Gates 74 No Pittsburgh, PA TBA TBA TBA TBA TBA TBA TBA TBA
Nixon Peabody 75 No Boston, MA TBA TBA TBA TBA TBA TBA TBA TBA
Schulte Roth & Zabel5 76 Yes New York, NY $10,000 or $30,000 or $40,000 or $50,000 $10,000 or $35,000 or $45,000 or $55,000 $10,000 or $40,000 or $50,000 or $60,000 $10,000 or $45,000 or $55,000 or $65,000 $10,000 or $50,000 or $60,000 or $70,000 $10,000 or $55,000 or $65,000 or $75,000 $10,000 or $60,000 or $70,000 or $80,000 $10,000 or $55,000 or $65,000 or $75,000
Bryan Cave 77 No St. Louis, MO TBA TBA TBA TBA TBA TBA TBA TBA
Stroock & Stroock & Lavan 78 No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
Thacher Proffitt & Wood 81 No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
Reed Smith 82 No Pittsburgh, PA TBA TBA TBA TBA TBA TBA TBA TBA
Dorsey & Whitney 83 No Minneapolis, MN TBA TBA TBA TBA TBA TBA TBA TBA
Katten Muchin 84 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
Hughes Hubbard7 85 Yes New York, NY $7,500 to $45,000 $7,500 to $45,000 $7,500 to $45,000 $20,000 to $80,000 $20,000 to $80,000 $20,000 to $80,000 $20,000 to $80,000 $20,000 to $80,000
McGuireWoods 86 No Richmond, VA TBA TBA TBA TBA TBA TBA TBA TBA
Squire Sanders 87 No Cleveland, OH TBA TBA TBA TBA TBA TBA TBA TBA
Arent Fox 88 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Baker & Hostetler 90 No Cleveland, OH TBA TBA TBA TBA TBA TBA TBA TBA
Thelen Reid 91 No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
Mintz Levin 92 No Boston, MA TBA TBA TBA TBA TBA TBA TBA TBA
Kilpatrick Stockton 93 No Atlanta, GA TBA TBA TBA TBA TBA TBA TBA TBA
Dickstein Shapiro 95 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Venable 96 No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Kramer Levin 97 No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
Kelley Drye 98 No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
Seyfarth Shaw 100 No Chicago, IL TBA TBA TBA TBA TBA TBA TBA TBA
Blank Rome Unranked No Philadelphia, PA TBA TBA TBA TBA TBA TBA TBA TBA
Brown Rudnick Unranked No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA
McKee Nelson Unranked  No Washington, DC TBA TBA TBA TBA TBA TBA TBA TBA
Quinn Emanuel Unranked  No Palo Alto, CA TBA TBA TBA TBA TBA TBA TBA TBA
Sheppard Mullin Unranked No Los Angeles, CA TBA TBA TBA TBA TBA TBA TBA TBA
Troutman Sanders Unranked No New York, NY TBA TBA TBA TBA TBA TBA TBA TBA

NOTES

1

Sidley Austin only gave market bonuses to New York associates who billed more than 2000 hours.  Associates who billed between 1850 and 2000 hours received lesser bonuses than those listed here.

2

Unlike other firms that gave out pro-rated bonuses to the Class of 2006, Fried Frank paid a $10,000 non-prorated bonus to the Class of 2006.  Since all Fried Frank stub year associates started on September 14, this $10,000 bonus would be roughly equivalent to a $33,500 pro-rated bonus.

3

Dewey has a 1900 billable hour requirement for all bonuses.  Class of 2006 bonus was a $5,000 non-prorated bonus, and that has been annualized for consistency.

4

LeBoeuf also paid discretionary bonuses of up to $15,000 for high performers in addition to the lockstep bonuses listed here.

5

Schulte paid different bonuses based on billable hours.  Those with less than 2000 billable hours received a $10,000 bonus, while those with 2000-2299 billable hours received market bonuses.  Associates with 2300-2499 billable hours got market bonus plus $10,000, and associates who exceeded 2500 billable hours received market bonus plus $20,000.

6

Latham pays a minimum bonus to those who meet the 1900 billable hour requirement, but also pays higher bonuses to those who exceed the minimum.  Note that this minimum bonus is less useful for senior associate classes, since it appears that everyone or almost everyone at these levels received a bonus that exceeded this minimum.

7 Hughes Hubbard has a tiered bonus structure.  For the classes of 2006, 2005, and 2004, the Tier I bonus is up to $7,500, the Tier II bonus is up to $15,000, the Tier III bonus is up to $30,000, and the Tier IV bonus is up to $45,000.  For the class of 2003 and above, the Tier I bonus is up to $20,000, the Tier II bonus is up to $40,000, the Tier III bonus is up to $60,000, and the Tier IV bonus is up to $80,000.


 

 

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