Biglaw associates have much to be thankful for this season, especially those at Willkie Farr & Gallagher. Following a hearty Thanksgiving, the firm announced it would be dishing out hefty bonuses, ensuring a prosperous end to the year for its associates. Just before the holiday break, Willkie disclosed its plans to match the well-regarded Cravath bonus scale, which includes the coveted Milbank summer bonuses.

Last year, Willkie Farr & Gallagher reported a whopping $1.775 billion in gross revenue. In a gesture of sharing this substantial success, the firm sent out a memo to its associates detailing the bonus scale, which promises substantial payouts. The generosity of these bonuses reflects not only the firm's financial health but also its commitment to rewarding the hard work and dedication of its associates.

The detailed bonus structure was shared through an internal memo, which quickly made waves across the legal industry for its impressive figures. Associates at Willkie can expect their bonuses to land in their bank accounts right on December 31, 2025, providing a significant boost just in time for the New Year celebrations.

The firm's decision to match the industry-leading bonus scales is a strong indicator of its competitive position within the Biglaw hierarchy and its dedication to maintaining a satisfied and motivated workforce. This move is likely to set a precedent for other firms looking to ensure top talent remains attracted and retained.

Willkie Farr & Gallagher's transparent approach to bonuses this season is commendable, and it underscores the importance of acknowledging and compensating the hard work of legal professionals who contribute tirelessly throughout the year. As the bonus season progresses, the legal community will undoubtedly keep a close eye on other firms' responses to this generous benchmark set by Willkie.

For those interested in the latest developments in law firm compensation, Willkie’s announcement is just the beginning. Industry insiders and associates are encouraged to share updates and memos from their respective firms to help keep the legal community informed. The sharing of such information ensures a well-rounded understanding of the compensation landscape across Biglaw, fostering a culture of openness and mutual growth.

As we approach the end of 2025, the legal industry watches with anticipation to see how other top firms will respond to the bonus benchmarks set by leaders like Willkie Farr & Gallagher. It’s not just about the numbers; it’s a reflection of a firm's health, culture, and approach to employee satisfaction and retention. Happy New Year, indeed, to the associates at Willkie!