Guess what, associates? Cravath is back with another bonus announcement, and this time, the firm is making a match of its own. Year-end bonus totals are going up, up, up at the firm that first announced its numbers because Davis Polk’s special bonuses are now on the table.
In case you’ve somehow forgotten, here’s what the special bonus scale looks like:
Now that Cravath has officially signed off on these special bonuses, we can surely expect all the other firms that matched prior to the Davis Polk announcement — firms like Cleary; Boies Schiller; Cadwalader; Fried Frank; DLA Piper; Cohen Ziffer; Glenn Agre; Holwell Shuster; Mayer Brown; and Hogan Lovells — and all firms that have yet to announce bonuses, to issue their own special bonus matches as well.
Congratulations to everyone at the firm!
(Flip to the next page to read the full memo from Cravath.)
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!
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.