Associate Bonus Watch: Has Cravath Announced?
That's the latest rumor over at Infirmation/Greedy NY. As for numbers, they are said to be the same as last year's Cravath bonuses.
Caveat: This is UNCONFIRMED. If you can confirm or have a memo, please email us (tips AT abovethelaw DOT com). We're contacting our own Cravath sources and will get back to you shortly.
Update (11:16 AM): According to multiple Cravath sources, there has been no announcement yet. But one is expected VERY SOON:
We think there will be an announcement tonight. Rumor is that Cravath will not top, only match.
If Cravath matches Milbank, it will essentially be matching the 2005 Cravath bonuses, which ranged from $30,000 to $60,000 (identical to this year's Milbank bonuses, except with a lower ceiling). To match Milbank exactly, Cravath would need to bump up its top bonus to $65K (from last year's $60K).
Cravath Announces [Infirmation/Greedy NY]
Cravath 2005 Bonuses [Law.com]
Earlier: Prior ATL coverage of bonuses (scroll down)
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This site is too slow. Infirmation / Greedy Associates is scopping Above the Law on every announcement. Where's the announcement on Cadwalader's bonus match of Milbank?
I would rather have the news a little late and correct than ASAP and wrong.
Also, I hate having to wade through all the crap on Infirmation. Who has time for all that?
Greedy NY is down right now. Server too busy.
It doesn't help to be fast when you don't have the server capacity to handle the traffic.