In Down Year, Will Cravath Bonus Announcement Have Usual Impact?

, The Am Law Daily


In announcing that its associates will get fatter year-end bonuses in 2012 than they did in 2011, Cravath, Swaine & Moore cut through some of the gloom that has clouded the financial outlook for large law firms of late. The question now is whether Cravath's peers will fall in line as they usually do.

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What's being said

  • davidr

    Pretty poor arithmetic. The bonus increase from 7500 to 10000, was not 25%, it was 33-1/3%, just as in some ot the other tiers. Someone did not edit.

  • not available

    This article is in accurate. The bonuses are actually less than the full amount paid in 2011. In 2011 there were also spring bonuses, so bonuses actually went down this year.

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