Simpson Thacher cuts associate bonuses

Simpson Thacher & Bartlett has announced that it is to halve its year-end associate bonuses. The bonuses range from $17,500 for first-year associates to $32,500 for eighth and ninth-years, broadly match the reduced rates announced by Cravath Swaine & Moore last week.

Simpson Thacher cuts associate bonuses legalweek.com legalweek.com Wed, Nov 26, 2008