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More Firms Follow Cravath’s Lead On Associate Bonuses

Law360, New York (November 28, 2017, 8:43 PM EST) -- More than half a dozen additional firms have announced year-end bonuses for U.S. associates in good standing that are in line with those offered in previous years, doling out year-end paydays ranging between $15,000 and $100,000 and following the lead set on Monday by Cravath Swaine & Moore LLP.

A flurry of internal memos, many of which were published on Tuesday on legal news blog Above the Law, revealed that for 2017, the so-called Cravath scale largely held sway among BigLaw firms such as Simpson Thacher...
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