In a spectacular display of appreciation for its hardworking associates, the nascent powerhouse in the legal field, McDermott Will & Schulte (MWS), has unveiled its first bonus structure since its formation. Born from the strategic merger between McDermott Will & Emery and Schulte Roth & Zabel in August 2025, MWS is making headlines by aligning with the esteemed Cravath and Milbank bonus scales.

Last night's announcement detailed the generous bonus scale, which not only matches, but in many cases exceeds, the top market bonuses. This commitment to top-tier compensation is part of a broader strategy to position MWS as a leader in legal industry remuneration.

Ira Coleman, the chairman of MWS, emphasized the firm's dedication to maintaining a competitive edge in all its operations. “We remain committed to being top of market in all that we do and are pleased to note that, consistent with prior years, about two-thirds of legacy MWE Associates will earn above the Cravath scale,” Coleman stated.

For those familiar with the legacy firms, the integration of compensation strategies is a significant win. Legacy SRZ associates, previously beneficiaries of step-up bonuses for extraordinary contributions, can look forward to similar recognition under the new firm umbrella next year.

The payout dates have been set to ensure a happy new year for all involved, with legacy MWE associates receiving their bonuses on December 26, 2025, and legacy SRZ associates on January 16, 2026.

As the legal community buzzes with this news, MWS stands out not just for its scale, but for its clear message to its employees and competitors alike: exceptional performance deserves exceptional rewards.

Stay Updated on Legal Compensation Trends

MWS's bold move is sure to influence compensation trends across the Biglaw landscape. For those eager to stay informed, the firm encourages the community to share updates on compensation changes within other firms. Tips can be sent via text or email, and those interested can sign up for ATL's Bonus Alerts for real-time notifications.

Congratulations to all at McDermott Will & Schulte! Your hard work and dedication continue to shape the legal profession's standards for excellence.