4 Firms Expand Cravath Bonus Scale To $42.5K

Law360, New York (December 9, 2011, 9:34 PM EST) -- Four law firms will hand out $42,500 year-end bonuses to eighth-year associates and above, extending the bonus scale first established by Cravath Swaine & Moore LLP and matched by several other firms, according to news reports this week.

Debevoise & Plimpton LLP, Cleary Gottlieb Steen & Hamilton LLP, Simpson Thacher & Bartlett LLP and Sullivan & Cromwell LLP will hand out the bonuses to associates from the class of 2003 and earlier, legal blog Above the Law reported.

The rest of the Debevoise, Cleary Gottlieb and...
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