US law firms cut bonuses for first-year associates

December 21, 2009 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.

Read more at www.bloomberg.com.

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