By ANDREW ROSS SORKIN
BONUSES on Wall Street are going to be bad this year, except if you work at Goldman Sachs. Or, oddly enough, if you’re an associate at a white-shoe law firm. (Granted, the scale of banking bonuses is in a rarefied class of its very own, even when compared with law firms, but bear with me).
Cravath, Swaine & Moore announced last month that it was doling out special bonuses to associate lawyers of $10,000 to $50,000. The special bonus is in addition to the regular bonuses of $35,000 to $60,000, depending on seniority. When you add it all up, second-year associates will pocket $225,000 this year, more than John G. Roberts Jr., chief justice of the United States. (He makes $212,000.)