US biglaw follows Cravath bonus scale
Cravath, Swaine & Moore announced its own bonuses last week.
Most appear to be following Cravath’s lead, between $10,000 and $60,000, which was the same scale used in 2012.
Skadden, Arps, Slate, Meagher & Flom is following the Cravath scale, except that it will pay first year associates significantly less with a $2,500 bonus, compared to Cravath’s $10,000. Also following suit are Cleary Gottlieb; Willkie, Farr & Gallagher; and Shearman & Sterling (though a few associates will be paid more or less than the standard bonus).