Pallas Partners is dropping bonuses on its associates and counsel that actually beat what Cravath set as the standard, with top performers potentially walking away with $232k total. The transatlantic litigation boutique operates out of New York and London with just 21 junior lawyers, and its smaller headcount lets it go harder than the massive firms can manage.
The breakdown works like this: base bonuses run from $20k to $115k depending on seniority, matching what Cravath announced, plus special bonuses and extra cash for people who crush their billing hours. Associates need to hit 2,000 hours to qualify for anything, but those grinding out 2,500-plus hours can snag an additional $16k to $92k on top of everything else.
Other boutiques are also going wild with comp. Kellogg Hansen is apparently giving out $300k max bonuses, while Wilkinson Stekloff and Dunn Isaacson Rhee are handing out between $172k and $175k. Natasha Harrison founded Pallas after leaving Boies Schiller Flexner, and she basically brought the entire London office with her when she started the firm.
The breakdown works like this: base bonuses run from $20k to $115k depending on seniority, matching what Cravath announced, plus special bonuses and extra cash for people who crush their billing hours. Associates need to hit 2,000 hours to qualify for anything, but those grinding out 2,500-plus hours can snag an additional $16k to $92k on top of everything else.
Other boutiques are also going wild with comp. Kellogg Hansen is apparently giving out $300k max bonuses, while Wilkinson Stekloff and Dunn Isaacson Rhee are handing out between $172k and $175k. Natasha Harrison founded Pallas after leaving Boies Schiller Flexner, and she basically brought the entire London office with her when she started the firm.
