Biglaw

Associate Bonus Watch Wars: Cleary Strikes Back!

Cleary will not be outdone by Davis Polk and Sullivan & Cromwell.

CLEARY GOTTLIEB STEEN & HAMILTON — MEMORANDUM — INCREASE IN BONUSES

December 11, 2014

On behalf of the partners of the Firm, we are pleased to announce that year-end bonuses for associates in the class of 2008 have been increased by $5,000 and year-end bonuses for associates in the classes of 2009, 2010 and 2011 have been increased by $10,000. As a reminder, to be eligible for bonus payments you must be actively employed at the Firm through December 19, 2014 and in good standing. The total amount of the bonuses for each of these four classes are set forth below. Bonuses will be pro rated for those associates on reduced schedules, on unpaid leaves for part of 2014, and who joined the Firm after January 1, 2014.

We thank you all for your hard work and dedication over the past year.

Francesca Odell
Brian Byrne

For the New York and Washington
Associates Committees

Earlier: Associate Bonus Watch: Davis Polk Beats Simpson!
Associate Bonus Watch: Sullivan & Cromwell Bonuses Are Here!
Associate Bonus Watch: Cleary Gottlieb Matches Simpson
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