November 26, 2025

The legal landscape is abuzz as major law firms across the United States swiftly align to match the generous bonus scale initiated by Cravath on November 18, 2025. This year's end-of-year bonus season is not just a routine affair but a strategic move that sees firms like Milbank leading with special summer bonuses, setting a competitive precedent in associate compensation.
As we dive into the specifics, a comprehensive table reveals the firms that have matched the bonus scale to date, detailing the date of alignment, minimum hours required for eligibility, and the scheduled payout dates. This dynamic list will continue to evolve, updated daily as more firms announce their bonus structures.
The bonus scale varies significantly from firm to firm. For instance, while Cravath offers no minimum billable hours for their bonuses, other firms like Paul Hastings set a threshold of 2000 billable hours. The disparity extends to the payout dates and the structure of the bonuses, with some firms offering additional bonuses for high billers and others incorporating merit-based increments.
Cadwalader, for example, proposes an enticing offer for their top performers, promising bonuses equal to 120% of the market rate for those billing 2200 hours or more, with payouts scheduled by the end of February 2026. On the other hand, Fried Frank includes a mix of billable, pro bono, and qualified nonbillable hours in their criteria, with premium bonuses for those reaching higher hour thresholds.
The stakes are notably high at Wilkinson Stekloff, where associates can earn significantly above the market scale, with the 2017 and above classes eligible for a staggering $172.5K bonus, reflecting the firm's commitment to rewarding top talent.
This year’s bonus season not only highlights the competitive market but also underscores the varying approaches firms take towards rewarding their associates. From the inclusion of non-billable hours to exceptional performance bonuses and the strategic scheduling of payouts, each firm tailors its bonus structure to align with its operational priorities and culture.
For those keen on staying updated with the latest developments, subscribing to ATL's Bonus Alerts ensures immediate notifications as new compensation announcements roll out. As we continue to monitor this evolving story, one thing remains clear: the race to attract and retain top legal talent is fiercer than ever, and the bonus scale is a critical battleground in this ongoing competition.