Hogan Lovells, Mayer Brown Match Cravath’s $115,000 Bonuses (1)

Hogan Lovells and Mayer Brown are the latest Big Law firms to match Cravath’s new $115,000 annual bonus scale for associate attorneys.

The law firms will pay up to $15,000 for first year associates and $115,000 for senior associates, a spokespersons for Hogan Lovells and Mayer Brown confirmed. The new scale marks a 15% increase from last year, when senior associate bonuses topped out at $100,000.

Associates at major firms have already seen two rounds of seasonal bonuses this year on top of a base salary increase that raised first year salaries as high as $205,000. The inflated compensation packages ...