Top-Tier Associates To Come Out Ahead As Market Gap Grows

Law360, New York (December 3, 2013, 8:27 PM EST) -- Cravath Swaine & Moore LLP's decision to match its associate bonus scale to last year's figures is a sign of financial health among top-tier firms, but experts say the picture is less bright for firms further down the ladder as the wealth gap in the legal industry expands.

While firms like Cravath, Skadden Arps Slate Meagher & Flom LLP and other highly profitable partnerships have traditionally led the pack in bonus announcements, their financial benchmarks this year are increasingly divergent from the industry overall, as more...
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