Law Firms

Skadden Jumps on the Bonus Bandwagon

Skadden, Arps, Slate, Meagher & Flom has announced its associate bonuses, and they match the lower amounts being paid at two other law firms.

Associate bonuses at Skadden will range from $7,500 to $30,000, according to the Wall Street Journal Law Blog, the American Lawyer and Above the Law. Last year, Skadden paid bonuses that ranged from $35,000 to $60,000.

Cravath was the first to announce lower associate bonuses that range from $7,500 to $30,000. Cleary Gottlieb Steen & Hamilton followed with the same bonuses.

“The market appears to be set,” says the American Lawyer.

We welcome your comments, but please adhere to our comment policy and the ABA Code of Conduct.

Commenting is not available in this channel entry.