Cravath Swaine & Moore announced Tuesday it will match Davis Polk’s $23,000 special, one-time bonus, showing the firm doesn’t want to be edged by a rival in the race to give top awards to associates.
The special bonus brings the maximum possible award for senior associates at both of the firms to $138,000.
Cravath and Davis Polk, some of the largest firms in the U.S. by revenue, are viewed as compensation leaders even though associates at the two firms are unlikely to be the highest paid in the industry this year.
Cravath weeks ago was first to announce it would ...
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