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Cravath cuts back year-end bonus for associates

Author: Aric Press

24 Nov 2008 | 14:40 | secure

Cravath Swaine & Moore has cut back its end-of-year bonuses for associates as the tough economic climate pushes more US firms into cost-cutting measures. The firm's bonuses will now start at a pro-rated $17,500 (£11,600) for first-year associates and rise to $30,000 (£20,000) for seventh and eight ...

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