CRAVATH SWAINE & MOORE — MEMORANDUM — 2016 YEAR-END BONUSES
Year-End Bonuses
November 28, 2016
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We are pleased to announce that the year-end bonus amount for each associate class is as follows:
Class of 2016 — $15,000 (pro-rated)
Class of 2015 — $15,000
Class of 2014 — $25,000
Class of 2013 — $50,000
Class of 2012 — $65,000
Class of 2011 — $80,000
Class of 2010 — $90,000
Class of 2009 — $100,000
Class of 2008 — $100,000
Bonuses will be paid on Friday, December 16. Absent extraordinary circumstances (approved by both Managing Partners), an associate must still be at the Firm on December 16 to be eligible for the bonus. The Firm does not apply any billable hour or similar criteria in determining eligibility for associate bonuses. As always, while receipt of the bonus for each individual attorney is dependent on suitable performance at that attorney’s experience level, virtually all our associates will receive the full bonus. Attorneys who were with the Firm for only part of the year or are working part-time will receive a pro-rated portion of the applicable class-level bonus. Bonuses for senior attorneys, specialist attorneys, discovery specialist attorneys and foreign associate attorneys will be determined on an individual basis.
Thank you very much for your hard work and dedication throughout 2016. We wish you a happy holiday season and new year.
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David Lat is the founder and managing editor of Above the Law and the author of Supreme Ambitions: A Novel. He previously worked as a federal prosecutor in Newark, New Jersey; a litigation associate at Wachtell, Lipton, Rosen & Katz; and a law clerk to Judge Diarmuid F. O’Scannlain of the U.S. Court of Appeals for the Ninth Circuit. You can connect with David on Twitter (@DavidLat), LinkedIn, and Facebook, and you can reach him by email at [email protected].