Associate Bonus Watch: Davis Polk and MoFo (New York)
Davis Polk and Morrison & Foerster (New York) have announced their year-end associate bonuses for 2012. How are they looking?
Perhaps they were just waiting around for Sullivan & Cromwell. Not long after S&C announced bonuses, on Thursday afternoon of last week, Davis Polk announced bonuses, on Friday.
They matched the Cravath scale. Shocking, we know.
What about Morrison & Foerster? They just announced bonuses too, for associates in their New York office….
Curbing Client And Talent Loss With Productivity Tech
The announcement came out last week — on Monday, December 3. It’s based roughly on the Cravath scale, but note this language in the memo from New York managing partner Brett Miller:
While the New York discretionary bonus is not contingent on achieving a specific hours target, bonus amounts paid may vary based on differences in levels of contribution, whether as to quality or hours markedly below expectations for the New York market, and an individual bonus may be adjusted downwards or withheld.
So it’s not as rigidly lockstep as the Cravath bonus system; YMMV. Check out the full memo on the next page.
Sponsored
Generative AI at Work: Boosting e-Discovery Efficiency for Corporate Legal Teams
Law Firm Business Development Is More Than Relationship Building
Curbing Client And Talent Loss With Productivity Tech
Law Firm Business Development Is More Than Relationship Building
We’re trying our darnedest to keep you updated on all the latest bonus announcements. If you know of an announcement we’ve missed, please email us or text us (646-820-8477). Thanks.
Sponsored
AI Presents Both Opportunities And Risks For Lawyers. Are You Prepared?
