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Happy New Year! What better way to celebrate than by ushering in a new compensation scale for associates?
Yesterday afternoon, Wilson Sonsini — a firm that brought in $1,354,000,000 gross revenue in 2022, putting it at No. 33 in the most recent Am Law 100 — delighted associates (and of counsel, too!) by announcing raises and bonuses in line with the Cravath scale. This is what the new compensation grid looks like at the firm, effective February 1, 2024:
The firm is also following the Cravath scale for year-end bonuses. Take a look:
Associates must have billed at least 1950 hours to be bonus eligible — and it’s certainly worth noting that the first 40 hours of an associate’s time off at the firm will be considered billable. Bonuses will be paid on Wednesday, January 31.
Congratulations to everyone at Wilson Sonsini!
(Flip to the next page to read the full memo from the firm.)
Remember everyone, we depend on your tips to stay on top of compensation updates, so when your firm announces or matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Bonus/Matches”). 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 Bonus Alerts (which is the alert list we also use for salary announcements), 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. Thanks for your help!
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.
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