Sullivan & Cromwell Announces Bonuses, Exceeds Cravath's
Sullivan & Cromwell has announced that its associates will get year- end bonuses which will match what they received last year. The law firm also announced that it is going to give out Spring bonuses, but did not specify the amount. S&C's 2011 bonus scale exceeds the one announced by Cravath, Swaine & Moore. S&C is giving its associate class of 2003 a $42,500 payment, while Cravath's topped out with $37,500 for its 2004 class. For S&C's class of 2010, the bonus amount will be $7,500.