The venerable and aesthetically pleasing law firm of Davis Polk has decided to join in the springtime bonus party. They’ve just announced their spring bonuses — and they’re matching the generous Cravath scale, not the Sullivan & Cromwell scale (which is slightly lower for more-senior associates).
Congratulations, DPW associates. It may have taken a while — perhaps the firm’s management reshuffle news delayed the announcement? — but good things come to those who wait.
Memo after jump.
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DAVIS POLK — MEMORANDUM — 2011 SPRING BONUSES
From: Kathleen L. Ferrell On Behalf Of Management Committee
Sent: Friday, February 11, 2011
Subject: Spring Bonuses
We are pleased to announce that associates in good standing will receive a special spring bonus on April 29th as outlined below. Bonuses will be subject to proration for those who arrived after January 1, 2011 and those on part-time schedules or other special arrangements.
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Class of 2010: $ 2,500
Class of 2009: $ 7,500
Class of 2008: $ 10,000
Class of 2007: $ 15,000
Class of 2006 and senior: $ 20,000
The Management Committee
Davis Polk Managing Partner John Ettinger to Step Down [Am Law Daily]
Earlier: Springtime Bonus Watch 2011
Associate Bonus Watch: Davis Polk Matches Cravath