In an article on the US’ strong legal market performance in 2024, the Financial Times cited Elsberg Baker & Maruri as having surpassed the market in associate bonuses.
“Top New York law firms including Milbank and Cravath, Swaine & Moore paid out year-end bonuses worth between $15,000 and $115,000 for the second year running. This year they also handed out additional ‘special’ payouts ranging from $6,000 to $25,000 — a trend kicked off by Milbank in September and followed by peers at the end of the year, pushing senior associates’ take-home pay at many firms north of $550,000….Some litigation boutiques have paid bonuses above the benchmark scale this year thanks to a strong disputes market. New York’s Elsberg Baker & Maruri, which launched in February, has handed out bonuses totaling $226,250 for lawyers who graduated in 2017.”
Read more here > Financial Times
