Cravath, Swaine & Moore kicked off associate bonus season Monday, announcing extra payments ranging from $10,000 to $60,000 that are identical to the stipends the firm awarded in 2012, according to an internal firm memo obtained by The Am Law Daily, a Law Journal affiliate.
If history is any guide, the next few weeks will bring a flurry of announcements from other Am Law 100 firms, which typically wait to award their bonuses until Cravath has set the standard. Cravath associates learned about their bonuses in a late-afternoon email.
