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Skadden, Arps, Slate, Meagher & Flom is set to announce bonuses for its associates ranging from $15,000 to $60,000. The range is in line with those previously announced by other major New York firms, reflecting the fact that Skadden pays its first-year associates a base salary of $140,000 instead of the $125,000 paid at Sullivan & Cromwell; Cravath, Swaine & Moore and other firms that have recently announced bonuses. Those firms have paid $30,000 bonuses to first-years, matching Skadden’s total first-year compensation at $155,000. Earlier this week, Milbank, Tweed, Hadley & McCloy and Clifford Chance announced their year-end bonuses for associates. Both firms will pay bonuses starting at $30,000 for first-year associates and ranging up to $60,000 for senior associates, though Milbank will pay bonuses to all of its associates without regard to billable hours while Clifford Chance’s is contingent on performance.

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