US firms vie for bragging rights to staff bonuses

O'Connor, Joanne
December 2004
Lawyer;12/13/2004, Vol. 18 Issue 48, p3
Trade Publication
This article reports that the U.S. bonus war is in full swing with a trio of New York's elite firms announcing whopping end-of-year sweeteners for associates. Sullivan & Cromwell LLP announced a 20,000 dollar bonus for first year associates last month, in addition to the one-off 10,000 dollars windfall the firm unveiled in October. Last week M& A powerhouse Cravath Swaine & Moore met Sullivan's challenge, unveiling a 30,000 dollar end-of-year bonus for first-year associates. Simpson Thacher & Bartlett has since matched the rates set by its New York rivals, announcing bonuses of 30,000 dollar for first-year associates and 60,000 for senior associates.


Related Articles

  • New York trio scoops world's largest LBO. Binham, Caroline // Lawyer;3/5/2007, Vol. 21 Issue 9, p15 

    The article reports that law firms, Cravath Swaine & Moore, Simpson Thacher & Bartlett, and Sullivan & Cromwell LLP, will offer legal advice to Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group Inc. (TPG). KKR and TPG will be advised on their $44.5 billion offer for the acquisition of...

  • Profits picture tells another story. Byrne, Malt // Lawyer;4/7/2008, Vol. 22 Issue 14, p13 

    The article reports on the top 50 U.S. law firms in terms of average profit per equity partner "PEP" based on the ranking done by "The Lawyer." Wachtell Lipton Rosen & Katz tops the list with a total revenue of $559 million. Cravath Swaine & Moore takes the second place, though it ranks 41st on...

  • Sullivan & Cromwell matches Cravath Wall Street bonuses. Byrne, Matt // Lawyer (Online Edition);12/9/2011, p1 

    The article focuses on the insurance bonuses of Sullivan & Cromwell and Cravath Swaine & Moore LLP. It mentions that both New York firms will pay bonuses starting at 7,500 dollars for class of 2011 lawyers wherein Sullivan is paying 42,500 dollars for class of 2003 associates versus 37,500...

  • Herbies holds fire on NY launch.  // Lawyer;7/9/2012, p6 

    The article discusses the law firm Herbert Smith and its plan to launch an office in New York, New York in September 2012 as part of the firm's Project Blue Sky strategic review, including the relocation of the firm's partner Chris Parker to the New York office. Herbert Smith reportedly has...

  • Friends and relationships.  // Lawyer (Online Edition);2/11/2013, p11 

    The article reports on the launch of an English law capability by U.S.-based law firm Davis Polk & Wardwell LLP in London, England in 2013. The strategic move of the firm represents assertion of the claim that the conservative firms of the U.S. has lost ground and plays catch-up. A senior...

  • LEGAL ADVISERS.  // Global Finance;Jun2006, Vol. 20 Issue 6, p55 

    The article presents a corporate profile for several investment banks acting as legal advisers. Simpson Thacher & Bartlett was the leading legal adviser to U.S. issuers of initial public offerings in 2005. Clifford Chance LLP acted for the sponsors in the $1.8 billion bond issue to finance the...

  • LEGAL ADVISERS.  // Global Finance;Jun2005, Vol. 19 Issue 6, p46 

    Highlights the top legal advisers serving banks and financial institutions for 2005 as chosen by the periodical "Global Finance". Sullivan and Cromwell LLP as the top global legal adviser on both announced and completed worldwide mergers and acquisitions; Simpson Thacher and Bartlett as the...

  • Capital Markets -- Top 10 Legal Counsel.  // Investment Dealers' Digest;2/28/2005, Vol. 71 Issue 8, p22 

    The article presents information on the top 10 legal counsels in the U.S. capital market. Some of the issuer counsels and underwriter counsels are General Counsel, Sidley Austin Brown & Wood LLP, Sullivan & Cromwell LLP and Simpson Thacher & Bartlett.

  • Boom or bust? Go figure. Griffiths, Catrin // Lawyer;3/24/2008, Vol. 22 Issue 12, p3 

    The article reports on the financial performance and profit per revenue (PEP) result of the top 50 American law firms in 2007 in Great Britain. Sullivan & Cromwell gained £1.57 million, Simpson Thacher & Bartlett with £1.44 million and Cravath Swain & Moore with £1.65 million. It is...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics