Thursday, November 21, 2024

BREAKING: Cravath Delights Associates With BOTH Yr-Finish And Particular Bonuses

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It was simply over per week in the past that Milbank got the associate bonuses rolling, now Cravath has entered the chat. For all of the initiative Milbank has proven on the affiliate compensation entrance — this yr, along with being the primary to announce year-end bonuses, they had been alone in Biglaw handing out summer special bonuses — the market nonetheless waits to see what Cravath does earlier than falling in line. And tonight, we’ve got the reply.

Cravath has revealed the next bonus scale — of each the end-of-year and particular selection. The mixture of these two bonuses match the numbers Milbank gave out.

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The bonuses can be paid within the New York and D.C. workplaces on December thirteenth; London associates will get them on December sixteenth. And, as famous of their memo, Cravath bonuses are given with out particular billable hours necessities. Good.

Now that Cravath hath spoken, we are able to anticipate the most important and most worthwhile Biglaw corporations to observe go well with.

So is your agency matching *each* the year-end and particular bonuses? Let Above the Legislation know! We rely in your tricks to keep on prime of vital bonus updates, so when your agency matches (or in the event that they fail to take action), please textual content us (646-820-8477) or email us (topic line: “[Firm Name] Matches”). Please embrace the memo if accessible. You may take a photograph of the memo and ship it through textual content or e-mail in case you don’t wish to ahead the unique PDF or Phrase file.

And in case you’d like to join ATL’s Bonus Alerts (which is the alert record we additionally use for wage bulletins), please scroll down and enter your e-mail deal with within the field under this submit. In the event you beforehand signed up for the bonus alerts, you don’t have to do something. You’ll obtain an e-mail notification inside minutes of every bonus announcement that we publish. Thanks for your entire assist!

Learn the total memo under.

Compensation Memo (1)


Kathryn Rubino HeadshotKathryn Rubino is a Senior Editor at Above the Legislation, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the very best, so please join along with her. Be happy to e-mail her with any suggestions, questions, or feedback and observe her on Twitter @Kathryn1 or Mastodon @[email protected].


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