Home

Skadden Follows the Leader in Setting their 2013 Christmas Bonuses
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Though Skadden Arps outshone Cravath in 2008 for year-end bonuses, they have since taken the more modest route of simply mirroring Cravath, who are the trendsetters and pacemakers of Biglaw bonuses.

This is certainly true for 2013, with Skadden mirroring Cravath’s bonuses, and Cravath mirroring their own bonuses last year, with not much in the way of gains or losses.

  
What
Where


That Skadden has fallen in line and subordinated themselves to Cravath’s precedent doesn’t say much for Skadden, but that they offered consistent bonuses, as did Cravath, after a disappointing year, is at least good news for lawyers in Biglaw, who might otherwise feel less than important, now that the legal sector is saying in effect “We don’t need you, we don’t want you.”

So count it as a mild triumph that both Cravath and Skadden are holding their own in persistent Christmas bonuses. And as Cravath is the trendsetter, that means their fidelity to their talent will be echoed in other firms across the nation, keeping lawyers somewhat appeased despite this dismal market, and letting them remember that though things are bleak now, they nevertheless worked hard to get where they are, showing superiority of will and talent that might be unappreciated in this chancy game of supply and demand.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Claim Consultant

USA-MI-Grand Rapids

We’re looking for a medical or legal professional who’s looking for a change of pace, re...

Apply now

Associate Attorney - $65,000 minimum to start (more for experience)

USA-FL-Saint Augustine Beach

ST. AUGUSTINE ASSOCIATE ATTORNEY Membership in Good Standing with Florida Bar and able to re...

Apply now

Litigation Attorney

USA-FL-Fort Lauderdale

Seeking a qualified Transactional Attorney with experience in litigation, covenant enforcement and c...

Apply now

Bankruptcy and Restructuring Partner / Associate

USA-OH-Cleveland

Buckley King is seeking both a partner and a mid-level associate to represent both creditors and deb...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-FL-Maitland

Maitland office of our client seeks litigation associate attorney with 2+ years of experience in def...

Apply Now

Litigation Associate Attorney

USA-NC-Charlotte

Charlotte office of our client seeks associate attorney with 1-3 years of civil litigation. The cand...

Apply Now

Litigation Attorney at Law

USA-NJ-Eatontown

Eatontown office of our client seeks litigation attorney at law with experience. The candidate shoul...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top