Skadden Ups Veteran Associate Bonus By $5K

Law360, New York (November 23, 2010, 7:19 PM EST) -- Big Law behemoth Skadden Arps Slate Meagher & Flom LLP boosted year-end bonuses for its longest-serving associates on Tuesday, bumping the 2010 bonus for seven-year veterans to $35,000 from $30,000 a year ago and matching Cravath Swaine & Moore LLP’s similar decision earlier this week.

 

With the exception of the $5,000 bump for the Class of 2003, however, the holiday haul for the rest of Skadden’s associates will be the same as it reportedly was in 2009, with first-years receiving $7,500, second-years receiving $10,000; third-years...
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