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Cravath Kicks Off Big Law Year-End Bonuses

Cravath has raised the stakes for year-end bonuses.

November 22, 2021 at 05:10 PM

1 minute read

News

Patrick Smith

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The original version of this story was published on The American Lawyer

What You Need to Know

Cravath is first to announce year-end bonuses.
The firm has upped the ante, now paying $115,000 to eighth-year associates.
Cravath is often the first to announce bonuses and sets the scale, but it hasn't done so since 2018.

Cravath, Swaine & Moore has become the first major law firm to announce its year-end bonus structure for 2021.

The firm has upped the ante from the status quo of the previous two years, giving a prorated $15,000 bonus to first-year associates and $115,000 to those in year eight.

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