US law firms cut bonuses for first-year associates

Major US law firms including Cravath, Swaine & Moore LLP, Skadden, Arps, Slate, Meagher & Flom LLP and Cleary Gottlieb Steen & Hamilton LLP cut year-end bonuses for first-year associates by as much as 71 percent, reports Bloomberg.

US law firms cut bonuses for first-year associates bloomberg.com Mon, Dec 21, 2009