Friday, May 3, 2024
Friday, May 3, 2024
HomePet NewsBird NewsWith Salary Bump, Associate Compensation No Longer For The Birds

With Salary Bump, Associate Compensation No Longer For The Birds

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money cash pile of money benjamins

‘Tis the season for compensation news. With $1,061,457,000 in gross revenue last year, Alston & Bird sits at #47 on the Am Law 200 and it’s going to share extra of that bounty with associates because it strikes to match the prevailing market charge.

As of January 1, associates will see their salaries bumped up.

Class Bonus
Class of 2023 $225K
Class of 2022 $235K
Class of 2021 $260K
Class of 2020 $310K
Class of 2019 $365K
Class of 2018 $390K
Class of 2017 $420K

Meanwhile, the agency’s bonuses might be paid to associates assembly the 2000-hour billing threshold, with extra bonuses available for these billing over 2200 hours and on a case-by-case foundation to these making extraordinary non-billable contributions to the agency.

Class Bonus
Class of 2023 $15K (pro-rated)
Class of 2022 $20K
Class of 2021 $30K
Class of 2020 $57.5K
Class of 2019 $75K
Class of 2018 $90K
Class of 2017 $105K
Class of 2016+ $115K

Of word, the bonus scale has an entry for the category of 2016 whereas the wage scale ends on the seventh years.

Associates appear proud of the information, although much less completely satisfied in regards to the agency “unofficially and without any explicit policy requiring 5-day a week in-person attendance because Alston is ‘not a hybrid firm.’” Further proof that the battle to retain expertise is fought on a number of fronts.

Please assist us make it easier to with regards to wage information at different companies. As quickly as your agency’s memo comes out, please e mail it to us (topic line: “[Firm Name] Salary”) or textual content us (646-820-8477). Please embrace the memo if available. You can take a photograph of the memo and ship it by way of textual content or e mail if you happen to don’t wish to ahead the unique PDF or Word file.

And if you happen to’d like to join ATL’s Salary & Bonus Alerts, please scroll down and enter your e mail handle within the field under this put up. If you beforehand signed up for the bonus alerts, you don’t must do something. You’ll obtain an e mail notification inside minutes of every bonus announcement that we publish.


HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to e mail any ideas, questions, or feedback. Follow him on Twitter if you happen to’re focused on legislation, politics, and a wholesome dose of school sports activities information. Joe additionally serves as a Managing Director at RPN Executive Search.


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