Hark, the angels have returned! Law firms are throwing money at associates again! It’s the miracle that lawyers have been praying for.
First, Cravath, Swaine & Moore kicked off the holiday season by announcing bonuses ($7,000- $35,000), which a slew of other big firms quickly duplicated almost to the dollar. Then, Cahill Gordon & Reindel stole the show by showering their associates with even fatter bonuses. According to Above the Law: Cahill is paying out year-end bonuses of $15,000-$25,000, which are in addition to the midyear $2,500-$15,000 bonuses it paid last summer. Plus, it’ll be paying out another round of bonuses equal to the Cravath ones in January! (Cahill has not responded to my requests for comment.)
