Bloomberg Law
Nov. 22, 2021, 10:33 PMUpdated: Nov. 22, 2021, 10:49 PM

Cravath to Pay $115,000 Associate Bonuses Amid Talent War (1)

Ruiqi Chen
Ruiqi Chen

Cravath Swaine & Moore will give out annual associate bonuses of up to $115,000, raising the bar for extra pay and adding to base salary bumps and special, seasonal bonuses that lawyers have already received this year.

Lawyers from the class of 2021 can expect up to $15,000 and senior associates could receive $115,000, the firm announced Monday, according to Above The Law. That’s up from last year, in which bonuses topped out at $100,000 for senior associates.

Firms announced spring and fall bonuses of up to $40,000 earlier this year. Davis Polk shortly afterwards bumped base salaries for first-year ...

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