Simpson, Skadden Tie Cravath, Pay Up To $60K Associate Bonus

Law360, New York (November 28, 2012, 8:52 PM EST) -- Simpson Thacher & Bartlett LLP and Skadden Arps Slate Meagher & Flom LLP on Wednesday reportedly matched the $10,000 to $60,000 year-end associate bonus scale set by Cravath Swaine & Moore on Monday.

Though experts had predicted an unimpressive season for associate bonuses, the news of Simpson Thacher and Skadden’s year-end rewards indicates that major firms are feeling more financially comfortable than last year.

Simpson Thacher Chairman Pete Ruegger sent associates a memo laying out bonus figures that were identical to Cravath’s, according to Above the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.