Cleary Gottlieb Steen & Hamilton, Simpson Thacher & Bartlett, and Goodwin Procter have entered the 2021 special bonus fray by announcing that they will match the scale for associate payouts set by Davis Polk & Wardwell and followed by several other firms this week.
Cleary will hand out special bonuses in two rounds on April 30 and Aug. 30 to associates in good standing and actively employed on those dates, according to a memo viewed by Bloomberg Law on Thursday.
Total cash for associates will depend on associate class year and will reach up to $12,000 for the newest associates ...
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