Spring Bonuses

On Sunday, Morrison & Foerster sent around its associate bonus memo. For non-New York associates, the news is that the numbers are loosely based on the old Cravath scale, with some compression for mid-level associates. The actual bonus amount paid to any particular associate is determined based on performance factors. But in a nice show […]

Springtime for Hitler? No, silly — Springtime for Associate Bonuses! And just like the (in)famous “show within a show” from The Producers, this production is a huge hit. This afternoon, Cleary Gottlieb announced spring bonuses on the Sullivan & Cromwell scale. They’re payable on April 29, just like those of Simpson Thacher. What else is […]

This evening, many of us — and six Supreme Court justices, according to an announcement this morning from the Court — will listen to the State of the Union address. Don’t be shocked if President Obama tells us that the state of the union is “strong.” When was the last time a president appeared before […]

Friday afternoons are for bad news. When you have some news that you want to disappear into the ether, you announce it on Friday afternoon. It’s a favorite time for disgraced D.C. figures to resign from office in order to “spend more time with their families.” So why did Sullivan & Cromwell, one of the […]