"The firm we're speaking of is of course Axinn, which in early September announced a salary scale ranging from $250,000 for first-years to $460,000 for eighth-years - - $25,000 above the current Biglaw salary scale for each class year. While Biglaw firms are trotting out the same old lockstep salary scale this holiday season, Axinn is retaining its enhanced one."
"As far as bonuses are concerned, the firm is handing out base bonuses for associates at the prevailing market rate, but it's also offering bonuses at well above the market rate for many of its hardworking attorneys. Sources tell us that some associates at the firm have earned bonuses of up to $100,000 above market, while others are bringing home total bonuses of up to $240,000. Now that's a real gift!"
Axinn announced an enhanced salary scale in early September with first-year pay at $250,000 and eighth-year pay at $460,000, $25,000 above the current Biglaw scale. Axinn is retaining that elevated scale while many other firms follow the standard lockstep numbers. The firm will pay base bonuses at market rates and also award above-market bonuses, with some associates receiving up to $100,000 above market and total bonuses reaching $240,000. Bonus payments are scheduled for Friday, December 19. The firm or source requests tips via text or email and advertises a Bonus Alerts sign-up.
Read at Above the Law
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