Legal Week reports
November 27, 2002 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Cravath Swaine & Moore has warned its associates that the Wall Street leader is ready to ditch its annual bonus round next year if 2003 does not bring an increase in business.
The stark message comes in an internal memo sent to associates on 18 November by presiding partner Robert Joffe in which the firm says its 2002 results were down on the previous year and concedes that next year’s bonuses are at risk.
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