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
(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.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250