Lawyer Pay

Cravath Bonuses Signal Lackluster Year for M&A Work, WSJ Says


While they are more than some ordinary workers make annually, the year-end bonuses for associates just announced by Cravath Swaine & Moore show that mergers and acquisition work isn’t booming, according to the Wall Street Journal (sub. req.).

The bonuses, which will range from $7,500 to $37,500 when they are paid out Dec. 9, are much the same as what the top New York law firm paid not only last year but in a number of recent years, the newspaper points out.

“This year has steadily gone downhill for a lot of firms,” says legal consultant Peter Zeughauser, who describes M&A work as considerably reduced in the latter half of 2011. “Frankly, it’s gotten worse each quarter.”

Previous:
Lawyers for Sirhan Sirhan Appeal, Argue Convicted Assassin Didn't Kill RFK, Bullet Was Switched

Next:
Don't Try This at Home, Experts Warn Parents Tempted to Infect Kids With Chicken Pox via Web Aids


We welcome your comments, but please adhere to our comment policy. Flag comment for moderator.

Commenting is not available in this channel entry.