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California firm Irell & Manella doubles the Cravath bonus award
California firm Irell & Manella has once again topped the bonuses awarded by standard setter Cravath Swaine & Moore. The firm released a memo saying that it would give bonuses that were double the value of the Cravath scale.
The figures should look something like this:
Class of 2010 — $15,000
Class of 2009 — $20,000
Class of 2008 — $30,000
Class of 2007 — $40,000
Class of 2006 — $50,000
Class of 2005 — $60,000
Class of 2004 — $75,000