Associate Bonus Watch: Debevoise Goes Plimpin' - Plus a Bonus Action Recap
In terms of the Above the Law publishing schedule, it would have been nice for firms to spread out their springtime bonus announcements. Then we’d have spring bonus posts to write up throughout the entire week. In case of emergency, break glass; in case of slow news day, write spring bonus post.
Alas, with no consideration for the convenience of your ATL editors, many major firms decided to act today. This morning brought spring bonus announcements from Paul Weiss and Weil Gotshal.
And this afternoon brings spring bonus news from Debevoise & Plimpton. Congratulations, Debevoise associates; now you can spring for Château Margaux at your Valentine’s Day dinners.
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The memo, plus a quick summary of which firms have paid spring bonuses at which levels, after the jump.
Here’s a round-up of the springtime bonus action at New York’s elite lockstep Biglaw firms. Click on each firm’s name to be taken to their bonus announcement.
Paying bonuses on the (higher) Cravath scale:
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Paying bonuses on the (lower) S&C scale:
Please help us keep track of the spring bonus news, by sending tips and memos to us by email or by text (646-820-TIPS or 646-820-8477). Thanks!
DEBEVOISE & PLIMPTON — MEMORANDUM — 2011 SPRING BONUSES
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We are pleased to announce that U.S.-based associates in good standing will receive spring bonuses this year in the following amounts:
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 classes: $20,000
The bonus will be paid on April 20, 2011 to associates employed at the firm on that date and will be subject to the usual pro-rations for part-time schedules, periods of unpaid leave and arrivals at the firm after January 1, 2011.
We very much appreciate your hard work and many contributions which are critical to the excellent service and commitment that our clients expect.
Thank you.
Rick Evans
For All Partners
Earlier: Springtime Bonus Watch 2011