Brace Yourself For More Compensation News!
At least one former partner's aching for this kind of money right about now.
Remember when Bracewell was “Bracewell & Giuliani”? That legal dream team aged pretty poorly, huh? Bracewell managed to escape its association with the leaky lawyer to establish itself at No. 121 on the Am Law 200 with $303M in gross revenue last year. Now we’re told it’s going to match Cravath salaries effective January 1.
As a reminder, this is what matching Cravath looks like.
| 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 |
| Class of 2016+ | $435K |
As of now, the firm hasn’t moved on the bonus issue yet, though we have no reason to believe they won’t be matching eventually. I mean… salary is the heavy lift, right?
So we’ll update when we hear about bonuses.
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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
