Here’s the official CGSH bonus scale. The specific numbers should look quite familiar to you by now:
2008 and participants in the International Lawyer Program: $17,500 (prorated)
2001 and more senior: $32,500
The Cleary memo concludes by thanking associates for “demonstrating time and again your ability to adapt to the rapidly changing legal landscape presented by current global economic conditions.” E.g., by happily and gratefully accepting Half-Skadden bonuses.
Full memo, after the jump.
CLEARY GOTTLIEB STEEN & HAMILTON — MEMORANDUM — 2008 ASSOCIATE BONUSES
December 3, 2008
MEMORANDUM FOR ALL ASSOCIATES ON THE U.S. SALARY SCALE
Re: 2008 Bonuses
On behalf of the partners of the Firm, we are pleased to announce 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 on reduced schedules and for those who joined the Firm after January 1, 2008, and will be payable on December 24.
2008 and participants in the
International Lawyer Program
2001 and more senior $32,500
We thank you all for the terrific work you have done for our clients over the past year, and, in particular, for demonstrating time and again your ability to adapt to the rapidly changing legal landscape presented by current global economic conditions.
For the New York and Washington Associates Committees