Jeffrey D. Karpf
The floodgates are open and we are awash in bonus news. Sources are reporting that Simpson Thacher and Cleary Gottlieb are both matching the Sullivan & Cromwell bonus scale. That means a little extra money for those at the very top of the scale. But does it mean spring bonuses?
This news shouldn’t come as a shock, since all the cool kids are doing it. But for the record, Cleary Gottlieb will be paying spring bonuses, following the top-of-the-market Cravath scale. Cleary had previously announced spring bonuses on the Sullivan & Cromwell scale. In fact, CGSH was one of the first firms to follow S&C’s […]
Most everyone knows what an elevator speech is: it’s a short, pithy, memorable description of a company’s services. Lawyers have always built their reputations on their expertise, such that the creation of an elevator pitch should be one of the easiest things for an attorney to do; however, many lawyers still stumble over the basic question: “What do you do?”