More BigLaw firms announce bonuses that follow Cravath scale
Posted Dec 9, 2013 9:05 AM CDT
By Debra Cassens Weiss
Cravath, Swaine & Moore set the standard when it announced associate bonuses last Monday.
A handful of BigLaw firms followed with bonus announcements last week, and they appear to be following Cravath’s lead, for the most part, Above the Law has reported in a series of posts. Cravath is paying between $10,000 and $60,000, the same bonuses it paid in 2012.
The law firms that are following Cravath are: Skadden, Arps, Slate, Meagher & Flom (though it’s paying first year associates $2,500 rather than a prorated $10,000); Cleary Gottlieb; Willkie, Farr & Gallagher; and Shearman & Sterling (though a few associates will be paid more or less than the standard bonus).