Kaye Scholer joined the bonus fray Friday, announcing to its associates that they, too, will receive extra year-end compensation based on the scale established by Cravath, Swaine & Moore—with those who rack up at least 2,200 billable hours for the year getting a bonus on top of their bonus.
Associates who pass the 2,200-hour threshold will receive added payments starting at $10,000 (for first-years) and topping out at $20,000 (for eighth-years and those with more seniority), which will be tacked on to the standard $10,000–$60,000 bonus scale set by Cravath. High-billing third-year associates, for instance, will receive $35,000 apiece, compared to the so-called Cravath scale’s $20,000, while fifth-years will get $49,000 each rather than $34,000.
