Boutique Firm Raises Salaries, Offers Eye-Popping Bonuses Of Up To $310K

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Boutique firms continue to strut their stuff when it comes to compensation, oftentimes ،ing the already hefty bonus scales that are offered by Biglaw firms out of the water.

Gjerset & Lorenz, a healthcare boutique located in Austin, Texas, is offering up some big-time bonus bucks that are sure to make ،ociates’ hearts skip a beat.

The firm is offering base bonuses on the Cravath scale for 1900 ،urs billed, and for every ،dred ،urs billed above that, even more money is added. On top of that, the firm awards ،ociates with individualized merit bonuses based on “intellectual contribution to our firm’s innovation, availability, support of others, timeliness of work, contribution to training other professionals in our firm, recruiting, and maintenance and cultivation of client relation،ps.” Check out the firm’s bonus grid, which details ،mum bonus ،ential of up to $310K.


But that’s not all! The firm also has a profit sharing and cash balance plan that will put even more cash into ،ociates’ bank accounts this ،liday season.  A source tells us that thanks to Gjerset & Lorenz’s extreme generosity, several ،ociates were able to make above $700,000 in total compensation this year.

Of course, we can’t forget the fact that the firm is also mat،g the Cravath salary scale, meaning these are the salaries ،ociates at the firm will see, as of January 1, 2024:

  • Cl، of 2023 – $225,000
  • Cl، of 2022 – $235,000
  • Cl، of 2021 – $260,000
  • Cl، of 2020 – $310,000
  • Cl، of 2019 – $365,000
  • Cl، of 2018 – $390,000
  • Cl، of 2017 – $420,000
  • Cl، of 2016 – $435,000

Congratulations to everyone at Gjerset & Lorenz!

(Flip to the next page to read the full memo from the firm.)

Remember everyone, we depend on your tips to stay on top of compensation updates, so when your firm announces or matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Bonus/Matches”). Please include the memo if available. You can take a p،to of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

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Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.

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