The model new litigation boutique is already slapping Cravath on bonuses
Boutique law firms continue to blow biglaw law firms out of the water when it comes to giving their hardworking employees the bonuses they deserve. Case in point: Roche Cyrulnik Freedman, a New York and Miami-based process boutique that has been in existence for less than a year, offers market-rate bonuses.
Founded by Kyle Roche, Jason Cyrulnik and Vel Freedman, RCF is the first Boies Schiller Flexner spin-off since it was founded more than two decades ago. The firm may be tiny – it only has 22 attorneys in total – but it is powerful and leads the indictments on many cryptocurrency and cannabis cases. The Roche Cyrulnik team has grown by more than 50 percent since January 2020. Since his employees have helped set up “something special”, they are rewarded with over-market bonuses.
This is what the bonus scale looks like at the end of 2020 at RCF:
As you can see, the bonuses at RCF are just a hair above the combined year-end and special bonuses that Cravath and its peer group companies offer at all levels. (The 2017 and 2018 grades hit the biggest drop at $ 5,000 above the market, while every other grade year gets $ 2,500 above the market.) A happy company employee said, “This is very exciting news from a new company and it shows that the partnership is genuinely invested in their growing class of employees. “
Congratulations to everyone at Roche Cyrulnik Freedman! It sounds like this company is really on the move and they will be there to see all of their success.
(Scroll to the next page to read the Roche Cyrulnik Bonus Memo in full.)
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Staci Zaretsky is Senior Editor at Above the Law, where she has been working since 2011. She would love to hear from you. Please send her an email with tips, questions, comments or criticism. You can follow her on Twitter or connect with her on LinkedIn.