June 12, 2018 - 8:55am

Cravath matched salaries along the Milbank scale for junior associates. For midlevel associates, the Cravath scale is a $5,000 bump up from where Milbank set the market, at senior levels the bump goes up to $10,000. And Cravath is giving out special bonuses like Simpson Thacher.
Bonuses will be paid on June 29. An associate must be at the Firm on June 29 to be eligible for the bonus. Associates who have been with the Firm for only part of the year or are working part-time will receive a pro-rated portion of the applicable class-level bonus.
The base salary increase is effective July 1 and will be reflected in paychecks commencing on July 6. Summer associate salaries will also be increased to match the new first year associate weekly salary, effective July 1.
Above The Law has the story

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