Cravath, Swaine & Moore has jumped into the 2021 associate special bonus war, announcing it will match the scale set by Davis Polk & Wardwell, after a number of other Big Law firms did the same.

The elite firm told its lawyers in a memo that they would be paid in two equal installments at the end of April and September, with payments ranging from a total of $12,000 to $64,000 based on class year. The firm also announced there would be no billable hours stipulations on the payments.

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