Sullivan & Cromwell and Cadwalader cut back bonuses

Associates at Sullivan & Cromwell and Cadwalader Wickersham & Taft will receive leaner year-end bonuses this year. Sullivan & Cromwell announced that year-end bonuses for 2008 range from $17,500 for first-years to $32,500 for eighth-year-associates. Cadwalader associate bonuses will be within the same range.