Skadden matches Cravath bonus scale
Skadden Arps has followed Cravath Swaine & Moore in awarding end of year bonuses for associates.
Skadden has been following Cravath, who tend to set the trend for US bonuses, since 2009. In 2008 Skadden paid more generous bonuses than Cravath.
Commentators say that the 2013 bonus, which stayed at the same level as that awarded by Cravath in 2012, actually represents a kind of achievement, offering a sweetener to lawyers even in a tough market.