I’m Dreaming Of A Big Bonus

Cravath, Swaine & Moore LLP inaugurated bonus season this week, announcing that it will pay out around $15,000 to its most junior associates and $100,000 to those more senior. The Wall Street Journal outlines the payment structure by class. Annual bonus announcements serve as a barometer of how well law firms are doing. During the recession, they were as low as $35,000 for senior associates.