Sullivan & Cromwell has unveiled a plan to pay senior associates and counsels supplemental bonuses tied to the firm's financial performance, writes the New York Law Journal. According to a memo circulated internally on Wednesday (20 September), the New York law firm will set aside a pool for the new bonuses, which are for associates at the fifth-year level and up as well as counsels and which will be paid in addition to base salaries and normal year-end bonuses.
September 20, 2007 at 05:59 AM
1 minute read
The original version of this story was published on Legalweek
Sullivan & Cromwell has unveiled a plan to pay senior associates and counsels supplemental bonuses tied to the firm’s financial performance, writes the New York Law Journal.
According to a memo circulated internally on Wednesday (20 September), the New York law firm will set aside a pool for the new bonuses, which are for associates at the fifth-year level and up as well as counsels and which will be paid in addition to base salaries and normal year-end bonuses.
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