Kaye Scholer, Debevoise Adopt Cravath Bonus Scheme

Law360, New York (December 17, 2010, 7:14 PM EST) -- Debevoise & Plimpton LLP and Kaye Scholer LLP have reportedly kept up with the pace set by Cravath Swaine & Moore LLP in their 2010 bonuses for associates.

At Debevoise first-year associates will get $7,500, second-years $10,000, third-years $15,000, fourth-years $20,000, fifth-years $25,000, sixth-years $30,000, and $35,000 for seventh-years and up, a memo obtained Friday by legal industry blog Above the Law shows.

The bonus schedule exactly matches that of Cravath, which set a de facto benchmark by being the first to reveal its planned bonuses....
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