Legal Market Applauds EBM’s Record-Breaking Bonuses
Yesterday, Above the Law, Bloomberg Law, Law360 and other publications reported on Elsberg Baker & Maruri’s market-breaking bonuses.
“[Elsberg Baker & Maruri] is coming in over the top of Milbank’s largesse —way, way over the top,” said Above the Law. “The firm has already achieved remarkable success, and to that end, Elsberg Baker & Maruri recently announced bonuses that are 175% above the 2024 scale that was set by Milbank.”
“Elsberg Baker & Maruri, a boutique trial firm opened earlier this year by a group of former BigLaw attorneys, is exceeding Milbank LLP's year-end and special bonuses”, said Law360.
Bloomberg Law described the associate bonuses as “dwarf[ing]what Big Law offers its junior lawyers.”
The Firm also plans to pay base salaries at the BigLaw market rate, in acknowledgement of the associates’ incredible work. “Each and every member of our close-knit associate team deserves to share in the successes they have created through their unwavering support for one another and our clients, showing up again and again with their fierce intellects, tenacity and good humor to deliver outstanding results in a busy inaugural year that has exceeded our very ambitious expectations,” David Elsberg said. “In just ten months since our launch, our associates have performed brilliantly, including in four trials and arbitration hearings, and we already have five scheduled to take place in 2025. We are excited to have raised the bar for 2024 associate bonuses above the standard set by BigLaw and by elite trial boutiques.”