Skadden Follows Cravath's Lead With Year-End Bonuses

Law360, New York (November 30, 2011, 7:23 PM EST) -- Skadden Arps Slate Meagher & Flom LLP will follow in Cravath Swaine & Moore LLP’s footsteps and hand out associate bonuses up to $37,500, the firm said Wednesday.

The bonuses, which match a Cravath scheme announced Monday, will start at $7,500 for first-year associates who graduated in the class of 2010, and swell up to $37,500 for seventh-year associates, Skadden confirmed to Law360.

The bonuses will be handed out Dec. 16 to associates still employed at the firm on that date, the firm said.

Second-year Skadden...
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