Law Firms
Proskauer Will Pay Same Year-End Bonuses to Associates as Cravath
After news that Cravath Swaine & Moore will pay year-end bonuses of between $7,500 and $37,500 to its associates, Proskauer Rose has announced that the same range will apply to associates there.
However, there’s one small difference: At Cravath, bonuses will be paid Dec. 9. At Proskauer, associates won’t get their mitts on the moolah until Dec. 30.
Above the Law provides a copy of the firm’s bonus memo.
Additional and related coverage:
ABA Journal (podcast): “Santa or Scrooge: How Do BigLaw Firms Determine Associate Bonuses?”
ABAJournal.com: “Cravath Bonuses Signal Lackluster Year for M&A Work, WSJ Says”
ABAJournal.com: “Milbank and Skadden Match Cravath’s ‘Lackluster’ Bonuses of Up to $37,500”
