Law Practice Management

Cravath Cuts Associate Bonuses

By Martha Neil

Nov 2, 2009, 04:25 pm CST

For the second year in a row, one of New York's leading BigLaw firms has cut associate bonuses.

Cravath Swaine & Moore will pay associates bonuses of $7,500 to $30,000 this year, reports Bloomberg.

Last year, the firm cut first-year bonuses from $35,000 to $17,500. Only a year… full story