Skadden matches Cravath bonus scale

Skadden, Arps, Slate, Meagher & Flom has matched the 2011 bonuses offered by market leader Cravath, Swaine & Moore, all but ensuring a steady and predictable bonus season. The move is in contrast to Skadden’s 2008 bonus schedule, which doubled the bonus offered by Cravath. The bonuses to be paid to associates this year are as follows: Class of 2010 — $7,500 Class of 2009 — $10,000 Class of 2007 — $20,000 Class of 2005 — $30,000 Class of 2004 (and up) — $37,500

Skadden matches Cravath bonus scale abovethelaw.com Thu, Dec 1, 2011