Cravath Sweetens Bonuses For Longtime Associates

Law360, New York (November 22, 2010, 5:40 PM EST) -- Cravath Swaine & Moore LLP has sweetened its yearly bonus payout for seventh-year associates, a newly leaked memo showed Monday, with a $35,000 payout that tops last year's $30,000 year-end haul.

With the exception of the $5,000 bump for the Class of 2003, however,  bonuses were the same as those from last year, the memo showed, with first-years getting $7,500, second-years receiving $10,000; third-years receiving $15,000; fourth-years receiving $20,000; fifth-years receiving $25,000; and sixth-years receiving $30,000.

The firm confirmed the memo Monday but declined further comment....
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