Simpson, Skadden Tie Cravath, Pay Up To $60K Associate Bonus

Law360, New York (November 28, 2012, 8:52 PM EST) -- Simpson Thacher & Bartlett LLP and Skadden Arps Slate Meagher & Flom LLP on Wednesday reportedly matched the $10,000 to $60,000 year-end associate bonus scale set by Cravath Swaine & Moore on Monday.

Though experts had predicted an unimpressive season for associate bonuses, the news of Simpson Thacher and Skadden’s year-end rewards indicates that major firms are feeling more financially comfortable than last year.

Simpson Thacher Chairman Pete Ruegger sent associates a memo laying out bonus figures that were identical to Cravath’s, according to Above the...
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