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BREAKING: Cravath Delights Associates With BOTH Year-End And Special Bonuses

Cravath has announced bonuses that align with Milbank, influencing other Biglaw firms to adjust their compensation strategies.

Cravath Announces Its New Partnership Class - And That Means A Bonus Announcement Is Next!

Cravath promoted seven attorneys to partnership, nearly doubling last year's numbers and reflecting a strong focus on corporate practice.

It's Officially Bonus Time, But Will Other Firms Finally Offer Associates That Milbank Special Bonus Money - Or Even Bigger Bonuses?

Milbank sets a high bar for associate bonuses this year, with total bonuses reaching up to $140,000.

No Longer A Rarity: More Partners Leave Cravath, Heading To Rival New York Firms

Cravath, long considered the ideal law firm in Biglaw circles, is experiencing changes that include the introduction of a salary partner tier and the hiring of lateral partners.
Cravath has recently lost partners to rival firms who are willing to pay a premium to poach top talent.

BREAKING: Cravath Delights Associates With BOTH Year-End And Special Bonuses

Cravath has announced bonuses that align with Milbank, influencing other Biglaw firms to adjust their compensation strategies.

Cravath Announces Its New Partnership Class - And That Means A Bonus Announcement Is Next!

Cravath promoted seven attorneys to partnership, nearly doubling last year's numbers and reflecting a strong focus on corporate practice.

It's Officially Bonus Time, But Will Other Firms Finally Offer Associates That Milbank Special Bonus Money - Or Even Bigger Bonuses?

Milbank sets a high bar for associate bonuses this year, with total bonuses reaching up to $140,000.

No Longer A Rarity: More Partners Leave Cravath, Heading To Rival New York Firms

Cravath, long considered the ideal law firm in Biglaw circles, is experiencing changes that include the introduction of a salary partner tier and the hiring of lateral partners.
Cravath has recently lost partners to rival firms who are willing to pay a premium to poach top talent.
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That's Certainly *One* Way To Work At Cravath

Cravath historically focused on home-grown talent, avoiding lateral hires.
In 2021, Cravath started to look for a recruitment manager for lateral hires.

A few partners leave Cravath despite changes that generate more money for superstars

Cravath, Swaine & Moore lost three partners to competitor law firms in January.
The firm's traditional approaches to retaining talent are being tested and its hiring strategy questioned.

Cravath Files 8-Year Late Foreign Agent Disclosure Over Burisma... Prepare For The Conspiracy Theories

Cravath represented Burisma in a limited matter eight years ago, which involved meeting with U.S. government officials, triggering foreign agent reporting requirements.
Cravath recently filed the required foreign agent reports, admitting they failed to do so in the past.
#Cravath

Associate pay hikes gather steam after Cravath announcement; which law firms have matched?

Several BigLaw firms are raising associate pay in response to Cravath's announcement on pay hikes.
Cravath's new pay scale ranges from $225,000 to $420,000 annually for associates.

Biglaw Firm Increases Associate Salaries, Goes Over The Top On Bonuses For Highest Billers

Sheppard Mullin, a top law firm, will be matching the compensation grid set by Cravath, including base salaries and year-end bonuses.
Associates at Sheppard Mullin who go above and beyond billing hours will receive bonus bucks based on their performance.

Is Your Biglaw Firm 'Ill-Positioned' To Match Cravath's Salary Raises?

The pool of firms following Cravath may shrink this year.
Firms trying to match Cravath's associate compensation raises will face challenges.

Associate pay hikes gather steam after Cravath announcement; which law firms have matched?

Several BigLaw firms are raising associate pay in response to Cravath's announcement on pay hikes.
Cravath's new pay scale ranges from $225,000 to $420,000 annually for associates.

Biglaw Firm Increases Associate Salaries, Goes Over The Top On Bonuses For Highest Billers

Sheppard Mullin, a top law firm, will be matching the compensation grid set by Cravath, including base salaries and year-end bonuses.
Associates at Sheppard Mullin who go above and beyond billing hours will receive bonus bucks based on their performance.

Is Your Biglaw Firm 'Ill-Positioned' To Match Cravath's Salary Raises?

The pool of firms following Cravath may shrink this year.
Firms trying to match Cravath's associate compensation raises will face challenges.
moreCravath

Cravath To Leave Its London Office After Decades, Move To Smaller Space

Cravath is relocating to a smaller office in London despite hiring more attorneys, potentially due to successful hybrid work policies.
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