Gibson Dunn & Crutcher on the spring bonus bandwagon
Gibson Dunn & Crutcher has taken the decision to grant spring bonuses to associates, matching the market with payments equal to those awarded by Cravath Swaine & Moore.
As pointed out by AboveThe Law, the firm has had a year of record-setting profits, and the announcement is thus no more than is fair. Certainly, compensating associates at a level under the market standard is no good for firm image or associate morale.
The details of the spring bonuses, to be paid on 29 April, are as follows:
Class of 2010: $ 2,500
Class of 2009: $ 7,500
Class of 2008: $10,000
Class of 2007: $15,000
Class of 2006+: $20,000
Of Counsel: $20,000
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