Happy holidays! Many law firms are now paying out bonuses to its hard working associates. It’s an interesting time right now. BigLaw had a pretty good year, but many firms saw signs of weakening in Q4. As a result, associates expect bigger bonuses yet managing partners are afraid of a further slow down in business. That means firms like Cravath will keep paying the same bonuses we’ve seen for a few years now ($10K-$60K depending on class year) and most everyone else will fall in line.