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.
DAVIS POLK — MEMORANDUM — 2011 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.
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]