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Firing the first shot in this year's round of boom-year bonuses for big-firm associates, New York's Sullivan & Cromwell will hand out whopping $35,000 bonuses to current first-year associates. Added to Sullivan's $125,000 first-year salary, the bonus guarantees $160,000 in compensation for first-years. And with busy firms desperate to retain associates, the competition will likely follow suit.
October 26, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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