Associate Bonus Watch: Cleary Matches

We would’ve had this up a few minutes ago, but the technical difficulties that Lat mentioned yesterday are still lurking around. Bring on the new fancy servers.
At any rate, Cleary Gottlieb has matched, and the memo is after the jump.


November 2, 2007
MEMORANDUM FOR ALL ASSOCIATES ON THE U.S. SALARY SCALE
Re: 2007 Bonuses
On behalf of the partners of the Firm, we are extremely pleased to announce special and year-end bonuses for associates in good standing on the U.S. salary scale, at the amounts set forth below. Bonuses will be prorated for those who joined the Firm after January 1, 2007, and will be payable to those on the payroll as of the applicable payment date.
For associates in the class of 2007 and participants in the International Lawyer Program, the year-end bonus will be $35,000, prorated based on arrival date and will be paid in two installments on November 16 ($10,000) and December 21 ($25,000). For the classes of 2006 and above, the special bonus will be paid on November 16 and the year-end bonus will be paid on December 21. The bonus scale for classes 2006 and above is as follows:
Class
Special Bonus
Year-End Bonus
2006
$10,000
$35,000
2005
$15,000
$40,000
2004
$20,000
$45,000
2003
$30,000
$50,000
2002
$40,000
$55,000
2001
$50,000
$60,000
2000 and more senior
$50,000
$65,000
We are having another strong year, which would be impossible without your continued hard work and dedication to the firm and to our clients. We do not say it nearly enough – thank you all very much.
Jim Bromley
Derek Bush

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