Bonus Season Begins as Cravath Again Sets the Stage
Cravath, Swaine & Moore on Monday announced end-of-year bonuses that match last year's scale. Paul Weiss and Milbank were among the first to fall in line.
November 27, 2017 at 05:30 PM
3 minute read
Once again, Cravath, Swaine & Moore has set associate bonus season in motion, announcing on Monday it was paying year-end bonuses on the same scale as recent years.
The announcement, first reported on Above the Law, showed most recent law school graduates receiving $15,000 and senior associates earning as much as $100,000 on Dec. 15.
According to Cravath's memo, “virtually all” associates will receive the full bonus, and the firm won't apply any billable hour or similar criteria in determining eligibility. Bonuses for senior attorneys, specialist attorneys and foreign associate attorneys will be determined on an individual basis, the memo said.
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