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Cravath, Swaine & Moore. (Photo: Mike Scarcella/ALM) Cravath, Swaine & New York. Photo: Mike Scarcella/ALM

Cravath, Swaine & Moore has jumped into the 2021 associate special bonus war, announcing it will match the scale set by Davis Polk & Wardwell, after a number of other Big Law firms did the same.

The elite firm told its lawyers in a memo that they would be paid in two equal installments at the end of April and September, with payments ranging from a total of $12,000 to $64,000 based on class year. The firm also announced there would be no billable hours stipulations on the payments.

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Andrew Maloney

I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, Law.com and other ALM publications. Reach out: [email protected]    

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