Cravath to pay bonuses of $10K to $60K, the same as last year
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The BigLaw firm to which others look for a lead on how high bonuses for associates should be has spoken.
After a noteworthy upswing in 2012—following years in which the legal economy was faltering—Cravath, Swaine & Moore is paying exactly the same amount in 2013, between $10,000 and $60,000, the Wall Street Journal (sub. req.) reports.
Base salaries for associate attorneys at the firm are $160,000 to about $265,000, depending on seniority.
Above the Law provides a year-by-year bonus chart for each associate class.
ABAJournal.com (2012): “Cravath Boosts Year-End Bonuses, Will Pay $10K to $60K; Last Year’s Ceiling Was $37.5K”