Sullivan & Cromwell and Cleary Gottlieb Steen & Hamilton match Davis Polk & Wardwell's associate bonuses, surpassing the market standard for midlevel associates.
December 11, 2014 at 06:17 PM
1 minute read
The original version of this story was published on The American Lawyer
The associate bonus frenzy continues.
Sullivan & Cromwell, which has followed the market in recent years, stepped up its game this season and matched the scale of outlier Davis Polk & Wardwell in a memo to associates Wednesday. Cleary Gottlieb Steen & Hamilton, which had followed Simpson Thacher & Bartlett’s lead by announcing year-end payouts on Nov. 21, upped bonuses for associates on Thursday for the classes of 2008 through 2011.
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