Above the Law’s David Lat wins my Unfortunate Comment Award with his assessment of Cravath, Swaine & Moore’s recent 2011 bonus announcement:
“My own take: these amounts—which are the same as the 2010 and 2009 bonus scales at CSM, except for the most-senior associates—are fair. The past three years—2009, 2010, and 2011—have been fine for Biglaw, but not amazing. To the extent that firms are treading water a bit, it’s reasonable for them to keep associate compensation at the same levels.”
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