Biglaw
firms
are
celebrating
spring
by
showing
associates
additional
greenery
—
in
cash,
that
is.
Which
is
the
latest
firm
to
put
more
money
on
the
table
for
associates?
That
would
be
McGuireWoods,
a
firm
that
brought
in $1,020,023,000
gross
revenue
in
2023,
putting
it
at
No.
52
in
the
latest
Am
Law
100.
Sources
tell
us
that
McGuireWoods
recently
issued
a
new
bonus
policy
that’s
“better”
than
in
prior
years.
While
the
policy
doesn’t
kick
in
until
next
year,
it
looks
like
the
firm
is
making
sure
that
associates’
savings
accounts
will
be
pretty
flush
with
bonus
bucks…
if
they’re
able
to
bill
their
behinds
off.
These
are
the
new
McGuireWoods
bonuses
that
are
on
the
table:
Note
that
standard
market
bonuses
range
from
$15,000
to
$115,000
for
first-year
through
seventh-year
associates.
The
McGuireWoods
bonus
scale
for
1950
hours
doesn’t
come
close
to
meeting
market,
while
its
bonus
scale
for
2050
hours
inches
toward
meeting
market
for
first-
through
third-years
(and
actually
comes
over
the
top
by
$10K
for
third-years),
but
then
dramatically
slopes
away.
The
real
way
to
get
a
big
bonus
at
the
firm
is
to
bill,
bill,
bill
—
MGW’s
2150-hour
scale
comes
in
over
market
for
all
class
years.
Congratulations
to
all
McGuireWoods
associates
who
are
able
to
meet
the
hours
minimum
required
to
get
big
bonuses
at
the
firm
next
year!
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
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and
Threads
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her
on
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