Quinn Emanuel Bonus Scale Tops Cravath for Highest Billers
Associates who billed 2,700 or more hours this year will get the biggest bonuses.
December 27, 2018 at 05:05 PM
3 minute read
The original version of this story was published on The American Lawyer
Associates at Quinn Emanuel Urquhart & Sullivan who billed over 50 hours per week this year will be handsomely rewarded for all that time, the firm announced last week.
Like associates at Cravath, Swaine & Moore, those at Quinn Emanuel who billed between 2,100 and 2,399 hours in 2018 will be paid bonuses starting at $15,000 for the 2017 class, up to $100,000 for the 2011 associates and above.
And those who billed 2,400 to 2,699 hours will get an extra $3,000 to $20,000—a total of up to $120,000 for senior associates.
But wait, there's more. Associates who billed 2,700 or more hours in 2018 will get another boost of $2,250 to $15,000, for a total of up to $135,000 for senior associates. That requires an average of nearly 52 hours billed per week.
Above the Law first reported on Quinn Emanuel's bonus scale, and Quinn Emanuel confirmed the scale Thursday. Amounts below are for 2,100-2,399 hours/2,400-2,699 hours/2,700+ hours.
Class of 2018 — $15,000 prorated Class of 2017 — $15,000/$18,000/$20,250 Class of 2016 — $25,000/$30,000/$33,750 Class of 2015 — $50,000/$60,000/$67,500 Class of 2014 — $65,000/$78,000/$87,750 Class of 2013 — $80,000/$96,000/$108,000 Class of 2012 — $90,000/$108,000/$121,500 Class of 2011, 2010 — $100,000/$120,000/$135,000
Cravath announced its bonus scale in November, sticking to the amounts it had given in 2017. Since then, several firms have either matched or surpassed those amounts.
Selendy & Gay, a 30-lawyer spinoff firm launched less than a year ago by a group of former Quinn Emanuel lawyers, beat the Cravath scale by 50 percent, announcing bonuses of $22,500 to $135,000 for class of 2012 associates.
Litigation boutique Susman Godfrey announced median associate bonuses of $110,000 to $225,000. Other firms that surpassed Cravath bonuses are New York's Kaplan Hecker & Fink, which announced a scale of $25,000 to $130,000, and Wilkinson Walsh + Eskovitz of Washington, D.C., which will pay up to $150,000 for its highest bonuses.
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