Partners at These Am Law 200 Firms Make Less Than Cravath Associates
The latest round of bonuses means senior associates at top-paying firms can now expect to make $465,000 or more—higher than the average profits per equity partner at plenty of Big Law firms.
November 21, 2018 at 10:20 AM
3 minute read
The original version of this story was published on The American Lawyer
Cravath, Swaine & Moore kicked off the Big Law year-end bonus pageant on Monday, telling first-year associates they're set to receive $15,000 and granting senior associates up to $100,000.
As in past years, other Am Law firms were quick to match Cravath's bonus scale, including Fried, Frank, Harris, Shriver & Jacobson; Milbank, Tweed, Hadley & McCloy; Paul, Weiss, Rifkind, Wharton & Garrison; and Skadden, Arps, Slate, Meagher & Flom—while some boutiques are forking over even more.
The payouts come on the heels of significant associate salary increases and midyear bonuses announced this summer, first by Milbank and later surpassed by Cravath. Coupled with the new year-end bonuses, the most senior associates at Cravath and other top-tier firms now stand to take home $465,000.
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