Cravath Swaine & Moore has become the second top US firm to reveal its 2005 bonus round, with the Wall Street firm opting to hold steady and match last year’s rates.

The elite Manhattan firm revealed its rates on Monday (5 December), sticking with last year’s bonus of $30,000 (£17,300) for first-year qualified attorneys, with senior associates receiving $60,000 (£34,600).