Associate Bonus Watch: Davis Polk Matches the Cravath Spring Bonuses!
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.
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
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
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