Associate Bonus Watch 2008

Associate Bonus Watch: Proskauer Matches NYC Market, Even in L.A.

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So much for O’Melveny & Myers setting the bonus market for L.A. Proskauer Rose announced their bonuses this afternoon, and they will be paying the Cravath scale across all of their offices.

That’s good news if you’re in Boston, expected news if you’re in New York, and a slightly disappointing confrontation with reality if you’re in Los Angeles.

This bonus news comes less than a month after Proskauer announced layoffs of 35 associates and 25 administrative staff. We even have reports that some Proskauer first-year associates were laid off this month. Against that backdrop, still having a job is hopefully bonus enough for those still at Proskauer.

Proskauer declined to follow OMM’s bonus lead; will they follow Latham’s salary lead? We don’t have any word on the status of Proskauer’s pay raises, but at this point, no news is good news.

Earlier: Nationwide Layoff Watch: Proskauer Cuts 60 People

Prior ATL coverage of associate bonuses

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