Cleary Announces Bonuses in Line With Cravath
Cleary Gottlieb Steen & Hamilton on Friday announced associate bonuses with rates that were, at most, half what the firm paid its most junior lawyers last year. Associates going into their second year in January will earn $7,500, down from $17,500. The most senior associates will earn $30,000, the same as in 2008. Cleary is only the second major firm so far to announce bonuses this year, with its bonuses matching levels announced last week by Cravath, Swaine & Moore.
