Sullivan and Cromwell Spring Bonuses Amount to Jelly Beans

(No Ratings Yet)

Loading...

Sullivan and Cromwell have finally announced spring bonuses, which, compared to last year’s figures, are mere Easter Day jelly beans:

Class of 2011 — $1,000
Class of 2010 — $1,000
Class of 2009 — $2,500
Class of 2008 — $2,500
Class of 2007 — $2,500
Class of 2006 — $5,000

  

What

Where

Search Jobs

Compare this to last year:

Class of 2010: $2,500
Class of 2009: $7,500
Class of 2008: $10,000
Class of 2007: $10,000
Class of 2006: $12,500
Class of 2005: $15,000
Class of 2004: $17,500
Class of 2003: $20,000
2002+: $20,000

(Figures first reported by Above the Law).

So S & C followed through with their 2011- year end bonus memo that they would give bonuses, but it’s not going to get you a new car, let alone pay off your sizable law school debts.

But then again, well, it’s a tough market! Maybe S & C is akin to the widow in the parable who gave only a cent, but gave more than the rich Pharisees, since she “gave out of her poverty, whereas they gave out of their wealth.” It might not be a ridiculous idea, considering the bleak days so many firms are facing, hiring little and offering less.

Enjoy your bonuses, S & C. It’s better than nothing, which many JD’s are getting aplenty.