BREAKING: Cravath Announces Annual Bonuses
WOW -- bonuses are here!
Bonus season has come early this year!
Good news for all of the hard-working associates toiling away in the Biglaw mines: today, Cravath has officially kicked of the start of bonus season by announcing their 2018 bonus structure. Usually bonus season doesn’t start until after Thanksgiving, and with the holiday falling fairly early on this year’s calendar, it is pretty shocking Cravath decided to move on bonuses so early. In fact, only 11 percent of readers who took the Above the Law poll speculating on when bonus season would begin said pre-Thanksgiving (and frankly, I would have thought those folks were basing their votes on wishes, not reality, before today).
So, let’s get into the nitty gritty — what do the bonuses look like this year?
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These bonuses are in line with last year’s largess. But considering this year associate salaries were also raised, well, that translates into a nice pay day for associates. Bonuses at the firm will be paid on December 14th, meaning associates will be able to splurge on all the holiday gifts they could want. Oh, and there is no billable hours requirement to receive these bonuses, which makes for a very merry holiday indeed.
Read the full bonus memo on the next page.
Please help us help you when it comes to bonus news at other firms. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) or text us (646-820-8477). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
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What Do Millennials Think Of Law Firm Life?
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
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