Cleary was the first firm to match Cravath's Monday announcement.
November 23, 2021 at 01:59 PM
2 minute read
Cleary Gottlieb Steen & Hamilton and Cadwalader, Wickersham & Taft have matched Cravath, Swaine & Moore’s year-end bonus scale for 2021, a sources at the firms confirmed Tuesday, as more are expected to react to market leaders in the coming days.
The year-end bonus announcements follow a year of multiple special bonuses at many Big Law firms, and other perks meant to retain and recruit young lawyers in a tight talent market.
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