All the beautiful people over at Davis Polk can still afford their gym memberships and spa treatments. DPW just matched market in terms of bonuses.
Davis is paying the standard year-end bonuses, topping out at $65K, and special bonuses, to be paid on November 26. Bonuses for counsel will be determined individually.
Memo after the jump.
Earlier: Associate Bonus Watch 2007 archives (scroll down)
From: DeSantis, Renee M.
Sent: Thursday, November 01, 2007 2:42 PM
Subject: 2007 Associate Bonuses
We are pleased to announce that associates in good standing will receive a year-end bonus payment and special bonus as outlined below. Special bonuses will be paid on November 26th and year-end bonuses will be paid in the same manner as the regular December monthly paycheck, and will be subject to proration for those who arrived after January 1, 2007 and those on part-time schedules or other arrangements. Bonuses for counsel and other attorneys will be determined on an individual basis and will be communicated and paid according to the normal time schedule.
Class of 2007: Year-end bonus of $35,000 (pro-rated); no special bonus
Class of 2006: Year-end bonus of $35,000; special bonus of $10,000
Class of 2005: Year-end bonus of $40,000; special bonus of $15,000
Class of 2004: Year-end bonus of $45,000; special bonus of $20,000
Class of 2003: Year-end bonus of $50,000; special bonus of $30,000
Class of 2002: Year-end bonus of $55,000; special bonus of $40,000
Class of 2001: Year-end bonus of $60,000; special bonus of $50,000
Class of 2000 and senior: $65,000; special bonus of $50,000
The strength of the firm and our practice is a direct reflection of the talent and dedication of our lawyers. On behalf of the firm and our clients, thank you for the tremendous efforts you have made during an extremely busy year and for your continued commitment to Davis Polk.
The Management Committee