Cravath, Proskauer Fall In Line With Simpson Bonuses
Law360, New York (November 25, 2014, 7:17 PM EST) -- Cravath Swaine & Moore LLP found itself in the unusual position of matching another elite firm's associate bonuses on Monday and bumped up year-end payouts to equal those at rival Simpson Thacher & Bartlett LLP, as Proskauer Rose LLP, Weil Gotshal LLP and two other firms followed suit.
Cravath, which over the last several years has acted as BigLaw bonus trendsetter, announced a line-by-line-match with Simpson Thacher's scale in a Monday memo. Weil and Shearman & Sterling LLP also matched the scale on Tuesday, the firms told Law360, as did Proskauer and Debevoise & Plimpton LLP, according to memos published by...
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