If you’re an associate at Skadden Arps, the good news is not only do you still have a job, you’re getting a bonus for surviving the year. The not so good news is that it’s the same as associates from Cravath and Cleary. There had been some hope that Skadden would buck the trend, much as they did last year when it paid bonuses around double that of most firms, but such is not the case. Like Cravath and Cleary, Skadden’s bonuses run from $7,500 up to $30,000.
Skadden, Arps, Slate, Meagher and Flom, LLP is a global firm headquartered in New York City with offices in twenty-four cities around the world. Core areas of practice include mergers and acquisitions, litigation, bankruptcy, tax, and securities law.