Wake Up Call: Two Firms Quickly Match Cravath on Bonuses

• Cravath, Swaine & Moore handed out market-leading salary hikes earlier in the year and yesterday it announced associate year-end bonuses ranging from $15,000 to $100,000, depending on seniority, about the same level as last year. Above The Law’s David Lat told BLB that other big firms are probably “relieved” that Cravath didn’t up the bonus ante from last year. ( BLB )

• Hours later, Paul, Weiss, Rifkind, Wharton & Garrison and Milbank, Tweed, Hadley & McCloy indicated they will match the Cravath scale. ( Am Law Daily )

• President-elect Donald Trump picked U.S. Representative Tom Price, one of the original ...