On
Wednesday,
Cravath
announced
some
major
news
—
but
no,
it
wasn’t
the
firm’s
2024
year-end
bonus
scale.
Instead,
the
elite
firm
announced
that
it
promoted
seven
attorneys
to
its
partnership
ranks.
This
year’s
Cravath
partner
class
is
larger
than
that
of
2023,
by
nearly
double,
and
is
quite
corporate
heavy.
The
American
Lawyer
has
the
details:
Six
of
the
seven
attorneys
elevated
to
partner
are
in
Cravath’s
corporate
practice,
including
Isaac
Beerman,
Alexander
Greenberg,
Jackson
Lam,
Edward
Minturn,
Margaret
Rallings
and
Sarah
Rosen.
The
firm
promoted
Jana
Hymowitz
in
its
executive
compensation
and
benefits
department.
The
promotions
will
take
effect
Jan.
1
of
next
year.
Cravath
was
one
of
the
first
longtime
holdouts
to
cut
bait
and
create
a
“salaried
partner
tier”
(i.e.,
nonequity
partners)
back
in
November
2023,
and
the
question
remains
whether
these
attorneys
were
elevated
to
the
firm’s
equity
partnership.
This
is
very
exciting
news,
not
just
for
the
seven
associates
who
will
soon
become
partners
at
Cravath,
but
for
all
Biglaw
associates.
This
partnership
announcement
means
that
the
powers
that
be
at
the
firm
have
already
gathered
to
make
one
important
decision,
and
there’s
just
one
more
important
decision
left
to
be
made:
2024’s
bonuses.
We
hope
the
good
news
is
coming
soon,
because
all
eyes
are
now
on
Cravath.
Congratulations
to
Cravath’s
new
partners!
Cravath
Elevates
7
to
Partnership,
Up
From
Last
Year
[American
Lawyer]
Staci
Zaretsky is
a
senior
editor
at
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to
email
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