After yesterday’s excitement over the Boies Schiller bonuses, we’re back to the Cravath scale. Today Weil Gotshal came out with its year-end bonuses. The firm is matching Cravath.
Our sources report the Weil scale starts at $7,500 for full first-year associates — no stub-year bonus for the class of 2011, like at Milbank — and tops out $37,500.
UPDATE (12/15/11): Weil just announced that it will pay $42,500 to its most-senior associates, in accordance with the Sullivan & Cromwell bonus scale. Memo below.
Actually, for Weil associates this “match” could be even worse than last year’s bonuses. That’s because Weil followed through on its promise to phase out extra cash for top performers….
