Friday, December 15, 2017

Year End Bonuses at Big Law

From JDJournal:

Cravath Swaine & Moore LLP [has] announced its year-end associate bonuses, and the numbers were in line with those given the past two years. Within hours, other law firms matched the Big Law firm, which famously set the recent scale for associate pay.

According to Law.comMilbank Tweed Hadley & McCloy LLP and Paul Weiss Rifkind Wharton & Garrison LLP followed Cravath’s lead and offered year-end bonuses to its associates that matched Cravath’s structure of $15,000 to $100,000. The amount will be paid in December, and the bonus structures are based on the associates’ entering class.

Cravath Bonus Structure 

Class of 2017 — $15,000 (pro-rated)
Class of 2016 — $15,000
Class of 2015 — $25,000
Class of 2014 — $50,000
Class of 2013 — $65,000
Class of 2012 — $80,000
Class of 2011 — $90,000
Class of 2010 — $100,000
Class of 2009 — $100,000

(ljs)

https://lawprofessors.typepad.com/legal_skills/2017/12/year-end-bonuses-at-big-law.html

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