The bonus will be paid out on April 29, according to a memo sent to associates Monday afternoon and obtained by The Am Law Daily.
Special bonuses for associates at Sullivan & Cromwell, Simpson Thacher & Bartlett, and Cleary Gottlieb Steen & Hamilton have been announced over the past ten days, also ranging from $2,500 to $20,000. But Cravath’s special bonuses to midlevel associates are significantly higher than the amounts being paid out by the other firms. Cravath’s payments to fourth-years are $15,000–$5,000 higher than the extra payments to fifth years at the other three firms announcing spring bonuses.
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