The continued trend of bonus announcements this year saw several more law firms joining in by aligning their year-end bonuses and 2024 associate salaries with those announced by benchmark-setting Cravath Swaine & Moore LLP. Among these firms, Ropes & Gray LLP has emerged at the vanguard by introducing an additional tier specific to associates from the class of 2015 and earlier.
A report from Law360 revealed these developments on Tuesday. The expansion of the top tier by Ropes & Gray sets a new precedent in the current bonus wave and reemphasizes its position as a leader in the legal industry.