Bloomberg Law
Nov. 24, 2020, 1:11 AM

Cravath, Paul Weiss Boost Associate Bonus Race to $140k Ceiling

Meghan Tribe
Meghan Tribe

Cravath Swaine & Moore and Paul Weiss Rifkind Wharton & Garrison have upped the ante in the annual associate bonuses contest, announcing that they each will hand out up to an additional $140,000 to certain attorneys before the end of the year.

Cravath was first to announce a pair of bonuses Monday evening, followed by Paul Weiss.

Cravath and Paul Weiss’ bonus announcements come at the end of a year flush with uncertainty as the coronavirus pandemic continues to spread. Many law firms in the spring turned to salary cuts, furloughs, and some staff layoffs in order to withstand the ...

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