Real Estate Firm Matches Biglaw Bonuses
It's all about talent.
Davis Polk matches aren’t just for Biglaw. While the Am Law megafirms dominate the headlines during compensation season, don’t overlook the boutique firms out there. These niche practice powerhouses thrive on top talent and refuse to get outbid when it comes to securing great lawyers.
That’s where real-estate boutique Duval & Stachenfeld — in the interest of disclosure, Bruce Stachenfeld is a longtime Above the Law columnist — comes in. The firm just announced its annual bonus structure and fully matched the new heightened DPW standard. As a refresher here’s the standard:
| Class | Base Bonus | Special Bonus |
| Class of 2021 | $15,000 | N/A |
| Class of 2020 | $20,000 | $4,000 |
| Class of 2019 | $30,000 | $6,000 |
| Class of 2018 | $57,500 | $11,500 |
| Class of 2017 | $75,000 | $15,000 |
| Class of 2016 | $90,000 | $18,000 |
| Class of 2015 | $105,000 | $21,000 |
| Class of 2014+ | $115,000 | $23,000 |
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In the aftermath of COVID, real estate lawyers are likely to be in high demand as developers try to work out what the future holds for office and residential space. It’s going to be an interesting area to monitor over the coming years.
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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
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