Lat here. In late March, I wrote a story with this title: “Sullivan & Cromwell Will Pay Spring Bonuses — But Will They Be Too Small To Be Worth Matching?”
I’m sad to report that my prediction has come to pass. Sullivan & Cromwell has announced spring bonuses, but they’re nothing to write home about. They are probably too modest for other firms to bother matching. The spring bonuses of Quinn Emanuel will surely exceed the S&C amounts.
Sullivan promised spring bonuses in its 2011 year-end bonus memo, and it reiterated that promise on subsequent occasions. But the powers that be at S&C never said anything as to amounts, leading some to forecast wimpy payouts.
So how much are we talking about? Let’s find out, and get some color commentary from my colleague, Elie Mystal….
UPDATE (4:20 PM): We’re continuing to update this post. Go after the jump and refresh.
Continue reading “Breaking: Sullivan & Cromwell Announces (Paltry) Spring Bonuses”



