On Friday, the firm of Mayer Brown announced supplemental bonuses for its U.S.-based associates (a few hours before Quinn Emanuel, which we’ll write up on Monday; we try to limit weekend writing because so few of you are around to read it).
Mayer Brown is using the Cravath spring bonus scale (shocker). The bonuses will be paid on or about May 13, 2011.
One MB tipster was pleasantly surprised: “I can barely believe it.” A second source was quite happy: “General reaction seems to be very positive, at least in the Chicago office.”
There are some eligibility requirements. Let’s take a look….