Want to get this daily news briefing by email? Here’s the sign-up.
WHAT WE’RE WATCHING
BONUS POINTS – Four days after Milbank issued the first—and early—salvo in the law firm bonus wars, Cravath has announced its year-end bounty, which matches Milbank and is the same as last year. Dylan Jackson reports that first-year associates are taking home a $15,000 year-end bonus while senior associates are receiving up to a $100,000 bonus. Last year Cravath was the first mover on associate bonuses, announcing them on Nov. 19. Meanwhile, one Austin boutique says it’s outdone them both, Brenda Sapino Jeffreys reports. Reid Collins & Tsai, with 35 lawyers, says it’s paid associates with one to three years of experience $85,000 to $95,000 in bonuses so far this year, while senior associates with four or five years of experience have received $85,000 to $102,500.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
