So, Here It is: The Cravath Announcement on Salary/Bonuses

The numbers the world has been waiting for during the three weeks since Milbank came out with its salary bump and crazy-wonderful bonuses for senior associates:

Class of 2023	$225,000  ($10K raise)
Class of 2022	$235,000  ($10K raise)
Class of 2021	$260,000  ($10K raise)
Class of 2020	$310,000 ($5K more than Milbank, $15K total raise)
Class of 2019	$365,000  ($10K more than Milbank, $20K total raise)
Class of 2018	$390,000  ($10K more than Milbank, $20K total raise)
Class of 2017	$420,000  ($10K more than Milbank, $20K total raise)

Additionally, year-end bonuses were also announced, which match Milbank’s (and last year’s) numbers.

Class of 2023	$15,000
Class of 2022	$20,000
Class of 2021	$30,000
Class of 2020	$57,500
Class of 2019	$75,000
Class of 2018	$90,000
Class of 2017	$105,000

That's effective January 1, 2024.

This blog thanks Abovethelaw for the fast coverage and publication of this weighty development.

Now, the chatter had been predicting the next to come out of the gate with some numbers will be hot Paul, Weiss. It has become the firm to watch. In that it is overshadowing Kirkland & Ellis. Essentially on the usually critical professional anonymous networks, what has halted are any negatives about Paul, Weiss. That's the firm hiring in this still slowed-down market for too many law firms. Chair Brad Karp is The Guy With The Jobs. 

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