Elite Firm Hands Out Market-Busting Special Bonuses! – Above the Law
It’s mid-May, and believe it or not, bonus season continues to roll on. This time around, an elite boutique law firm has entered the arena, and has, once again, beaten the market rate for bonuses doled out in Biglaw. Selendy & Gay routinely kills it — and time and again, the firm is more than willing to share its success with associates through big bonuses.
“Since our founding, Selendy & Gay has been a market leader in associate compensation,” partner Andrew R. Dunlap wrote in an email to associates. “This year, we intend to exceed the market once again.” Before we get to the bonus amounts the firm is offering to associates, here’s a little reminder about the going market bonus scale, set by Davis Polk in March:
Here’s what the Selendy & Gay bonus scale looks like (full memo on next page):
These are the total bonuses for each class year at the firm, with the overage on market bonuses in parentheses:
- Class of 2020: $13,800 ($1,800)
- Class of 2019: $18,400 ($2,400)
- Class of 2018: $36,800 ($4,800)
- Class of 2017: $50,600 ($6,600)
- Class of 2016: $59,800 ($7,800)
- Class of 2015: $68,080 ($8,880)
- Class of 2014+: $73,600 ($9,600)
As noted above, special bonus payments at Selendy will be made on May 31 and September 15, and they come in addition to bonus payments at year-end, which are not lockstep, but based on performance.
Congratulations to everyone at Selendy & Gay who will be taking home these extra special special bonuses.
(Flip to the next page to see the full memo from Selendy & Gay.)
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] 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.
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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 or connect with her on LinkedIn.
