Proskauer, MoFo Hop On Cravath Bonus Bandwagon

Law360, New York (December 3, 2010, 8:21 PM EST) -- Proskauer Rose LLP confirmed Friday that it has matched 2010 year-end associate bonus payout levels established by Cravath Swaine & Moore LLP last month, and Morrison & Foerster LLP has reportedly also followed suit.

First-year associates are eligible to receive $7,500, while seventh-year associates are eligible for $35,000, a Proskauer spokesman said, declining to provide details beyond bonus amounts for each year.

Legal blog Above the Law reported Friday that Morrison & Foerster had announced a similar bonus structure with several caveats, including that the firm...
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