A Week Early, Cravath Kicks Off Associate Bonus Season
The end-of-year bonuses are on top of associate salary increases this year.
November 19, 2018 at 05:15 PM
3 minute read
The original version of this story was published on New York Law Journal
(Update: Paul, Weiss, Rifkind, Wharton & Garrison also detailed end-of-year bonuses in a memo to associates Monday, with amounts matching those announced by Cravath.)
Despite the uptick in associate salaries this year, Cravath, Swaine & Moore announced Monday that it would stick to the same year-end bonus scale as recent years, with first-year associates receiving $15,000 and senior associates receiving up to $100,000.
The announcement by the Wall Street firm, first reported by Above the Law, sets the stage for the rest of the elite legal market to either match or tailor their holiday payouts to their own needs.
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