Milbank and Skadden Match Cravath’s ‘Lackluster’ Bonuses of Up to $37,500
Posted Dec 1, 2011 7:33 AM CDT
By Debra Cassens Weiss
Two law firms are matching the bonuses announced recently by Cravath Swaine & Moore.
The firms are Milbank, Tweed, Hadley & McCloy and Skadden, Arps, Slate, Meagher & Flom, the Am Law Daily reports. The bonuses ranging from $7,500 to $37,500 are “nearly identical” to Cravath’s bonuses in 2009 and 2010, the story says.
Above the Law and the Wall Street Journal Law Blog also reported on the Skadden bonuses. "Firms are essentially recycling last year’s bonus schedules,” Above the Law says. The Law Blog calls the bonuses “lackluster.”