Associate Bonus Watch 2010

Associate Bonus Watch: Debevoise Matches Cravath

By  
on

This shouldn’t come as a shock, but Debevoise & Plimpton just announced its 2010 associate bonuses, and it is matching Cravath.

With so many top firms already matching Cravath — including several in the Vault’s top ten for prestige, such as Skadden, Davis Polk, and Weil Gotshal — is it less likely that Sullivan & Cromwell will try to beat Cravath, since “peer firms” are already signaling that they’d like to just stick with the CSM scale? Or is it maybe more likely, since it would make S&C look that much better in the eyes of prospective hires to trounce multiple rivals in the compensation department?

The Debevoise memo appears after the jump.

DEBEVOISE & PLIMPTON — MEMORANDUM — 2010 ASSOCIATE BONUSES

We are pleased to announce that U.S.-based associates in good standing will receive bonuses this year at the following class levels:

2009: $7,500
2008: $10,000
2007: $15,000
2006: $20,000
2005: $25,000
2004 $30,000
2003 (and senior): $35,000

Sponsored

The bonuses, which will be subject to the usual pro-rations for part-time programs and lengths of service of less than the entire year, will be paid at year-end. To be eligible, an associate must have been employed at the firm prior to September 1, 2010.

We appreciate your work throughout this year. Your contributions are a critical part of building this firm and providing the superior service and commitment that our clients expect. Thank you.

Rick Evans
For All Partners

Earlier: Associate Bonus Watch 2010

Sponsored

Bonus Time

Enter your email address to sign up for ATL's Bonus & Salary Increase Alerts.

Topics

, , , , , , ,