After doubling the bonuses of Cravath, Swaine & Moore last year, Skadden, Arps, Slate, Meagher & Flom will match Cravath (and Cleary Gottlieb Steen & Hamilton) by giving out a bonus that represents a sharp cut for younger associates. The news was first reported Thursday at The Wall Street Journal‘s Law Blog, and sources at Skadden confirmed the accuracy of that report.
The bonuses will go as follows:
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