Spring bonus news seemed to slow down last week. But New York firms are still having their feet held to fire of spring payments. On Friday afternoon, Fried Frank announced that it would be joining the spring bonus parade.
Fried Frank will be matching the Cravath scale for spring bonuses.
I hate to bring this up, since Sullivan & Cromwell was nice enough to start the spring bonus trend in the first place. But really S&C, Fried Frank is now paying a bigger bonus than you guys. Isn’t it just about time to step up?
UPDATE: Bonus memos for New York and for D.C. — where spring bonuses are also being paid — after the jump.
The Fried Frank spring bonus memo for New York is short and sweet:
And here’s the memo received by D.C. attorneys:
Alright, commenters, it’s time for you guys to go to work. Tell us which major New York firms are not stepping up to the plate for spring bonuses. I mean, does White & Case need to get in on this? Who else?
Earlier: Prior ATL coverage of spring bonuses