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Boies Schiller's Big Fat Santa

Vivia Chen

December 22, 2010

Santa It's enough to make you believe in Santa Claus: Boies Schiller just announced its year-end bonuses--and they are very, very nice.

Here's the bottom line: For associates who've worked at the firm for at least a year, the average bonus "was over $75,000 for 2010," according to an e-mail sent to us this morning by the firm on behalf of partner Phil Korologos.

Of course, as everyone knows by now, $35,500 is what Cravath, Swaine & Moore and most of the other big firms pay out as The Top bonus. And so how high does the cash prize at Boies reach? Drum roll, please: "Several of the firm's highest-performing associates achieved bonuses of more than $200,000," says Korologos.

Wow. Even by investment banking measures, $200k is a nice little stocking stuffer. I had a feeling that Boies was going to pull something big, but even I'm amazed by the amount. Hard to believe, but just yesterday everyone was swooning over those better-than-Cravath bonuses at Susman Godfrey ($45,000 to $100,000-plus); Quinn Emanuel ($8,500 to $82,500); and Cahill Gordon (it gave a series of incremental bonuses--the top total amount is around $75,000, according to my calculation).

So why is Boies Schiller being so generous? Korologos says in the e-mail that the firm "is proud of its associates' extensive contributions to the firm's considerable accomplishments in what was a very busy year."

Busy, indeed. Happy holidays, Boies Schiller's little helpers!

Related post: Work Hard--Very Hard--Then Count the Moolah.

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For those of you trying to decide between a career in law or career in investment banking, $200K is a typical bonus for about two months in investment banking.

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The Careerist takes an inside look at how lawyers shape their careers and manage their lives. The blog aims to dissect developments in the profession, provide useful information and advice, and give lawyers a platform to voice their views. The goal is to provide a fresh, provocative take on the state of lawyering.

About Vivia Chen

Vivia Chen

Vivia Chen, The Careerist's chief blogger, has been covering the business and culture of law firms for a decade. A former corporate lawyer, Chen is fascinated by those who thrive (as well as those who don't) in the legal profession. Her take: Success in the law (and life) doesn't always travel a linear path. If you have topics you'd like to discuss or information to share, contact her: VChen@alm.com

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