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Baker McKenzie may have been first on the bonus train this year, but Biglaw insiders *know* bonus season hasn’t really begun till Cravath announces their scale. Well friends, the wait is over.
Today, Cravath announced their year-end bonuses. And despite the forecasted economic downturn, it’s a good year in Biglaw.
Interestingly, the class of 2015 is off the scale, which can work out great — or terribly — for associates.
Check out the full email on the next page.
Cravath matched the scale set by Baker McKenzie — which is slightly above the scale from last year for junior associates. And this makes sense. The economic waters are troubled, but they aren’t particularly feisty for Biglaw. Cravath acts from a position of strength to hold the line and declare with Biglaw’s loudest voice, “This too shall pass!”
Even if it passes after some of y’all go under.
Congratulations to associates on the generous bonuses!
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
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