"Cravath, the firm that's the standard bearer for Biglaw associate compensation, has kicked off the 2025 bonus sweepstakes. And Cravath's not here for restraint. The firm announced year-end bonuses and a round of special bonuses that mirror the Milbank summer bonuses. As reflected in the chart below, the year-end bonus amounts echo last year's bonus scale. Maybe they're not reinventing the bonus wheel, but there's a pretty big paycheck headed associates' way."
"New York and D.C. associates will get their bonuses on December 12th (with no hours requirement, as per usual for the firm), while London associates will have to wait an extra week for the money to hit their accounts. And because it's Cravath, every other Biglaw partner just felt the sudden urge to "circle back" with their executive committees. Now we wait for the inevitable parade of matching announcements."
Cravath initiated the 2025 bonus season with year-end and special bonuses that mirror Milbank's summer bonuses and echo last year's bonus scale. New York and D.C. associates will receive payments on December 12th with no hours requirement, while London associates will be paid one week later. The announcement is expected to prompt competing Biglaw firms to issue matching bonuses, with names like Davis Polk, Paul Weiss, and Latham anticipated to follow. Associates are urged to report firm matches or failures to Above the Law via text or email and can sign up for Bonus Alerts.
Read at Above the Law
Unable to calculate read time
Collection
[
|
...
]