December 2011

Last week The Wall Street Journal reported that Cravath, Swaine & Moore, the industry pacemaker in this matter, announced that it will keep associate year-end bonuses for 2011 the same as last year–$7,500 for a first year associate up to $37,500 for  the most senior associates.  Not only are these bonuses far below 2007, when first years received a total of $45,000 and seventh-years