Clifford Chance Matches Cravath Bonus Scale

Law360, New York (December 14, 2010, 7:18 PM EST) -- Clifford Chance LLP has become the latest to follow the 2010 bonus trend set by Cravath Swaine & Moore LLP, announcing payouts of $35,000 for seventh-year associates and $7,500 for first-years.

The announcement, which came in the form of a leaked memo circulated by Managing Partner Craig Medwick, continues a basic structure that has become the norm among large firms in 2010.

Second-year associates will receive $10,000; third-years will take home $15,000; and fourth-, fifth- and sixth-years will pocket $20,000, $25,000 and $30,000, respectively, according to...
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