Following in the footsteps of Latham & Watkins and Simpson Thacher, whose moves were first reported in these pages, Davis Polk has just adopted a new and improved “Primary Caregiver Leave” policy.
We predict that, with respect to maternity leave for birth mothers, 18 weeks will become the new “market rate.” One tipster quips: “Four and a half months of paid time off almost makes me want to have kids.”
Here’s the email, which went out around half an hour ago:
From: **** On Behalf Of Management Committee
Sent: Thursday, December 20, 2007 3:07 PM
Subject: Primary Caregiver Leave Policy
We are pleased to announce that, effective immediately, the firm has adopted a new Primary Caregiver Leave policy, which will provide lawyers who are primary caregivers to a newborn or newly adopted child with up to six weeks of paid leave within the first six months of the birth or adoption of a child. This leave is in addition to the other parental and disability/maternity leaves offered by the firm. For example, a Davis Polk associate who gives birth and is the child’s primary caregiver will now be eligible for up to 18 weeks of paid leave.
For additional information about the new Primary Caregiver Leave policy and the policies on Parental Leave and Disability/Maternity Leave, please consult the Lawyers’ Handbook.