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It’s the most wonderful time of the year — and at Magic Circle firms, it’s also the most magical time of the year, because bonuses are out.
At Allen & Overy, the good news for associates is that their bonuses match the prevailing market rate that was set by Baker McKenzie last month. The firm brought in $2,672,969,000 gross revenue in 2021, putting it in 11th place on the 2022 Global 200 ranking, so it’s not exactly surprising that they’re willing to hand out generous bonuses to associates.
Here’s what the bonus scale looks like at the firm:
- Class of 2022: $15,000 (pro-rated)
- Class of 2021: $20,000
- Class of 2020: $30,000
- Class of 2019: $57,500
- Class of 2018: $75,000
- Class of 2017: $90,000
- Class of 2016: $105,000
- Class of 2015+: $115,000
Associates will see bonus bucks hit their bank accounts on January 16, 2023. Congratulations, everyone!
(Flip to the next page to see the memo from Allen & Overy.)
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm announces or 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.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for your help!
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.
Enter your email address to sign up for ATL’s Bonus & Salary Increase Alerts.
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