DAVIS POLK — MEMO — COMPENSATION UPDATES
All,
We are pleased to announce the year-end bonus payments and 2024 salary scale outlined below for U.S. associates in good standing. Bonuses are subject to pro-ration for part-time arrangements and 2023 start dates and will be paid on December 29. Salary increases are effective January 1, 2024.
| Year-end bonus | 2024 base salary | |
| Class of 2023 | $15,000 | $225,000 |
| Class of 2022 | $20,000 | $235,000 |
| Class of 2021 | $30,000 | $260,000 |
| Class of 2020 | $57,500 | $310,000 |
| Class of 2019 | $75,000 | $365,000 |
| Class of 2018 | $90,000 | $390,000 |
| Class of 2017 | $105,000 | $420,000 |
| Class of 2016 and senior | $115,000 | $435,000 |
Bonuses and salaries for non-U.S. associates and fee earners and other attorneys with special arrangements will be determined and communicated separately. Counsel compensation will be addressed separately.
On behalf of the partnership, thank you for your exceptional efforts this year and your continued dedication to our Firm. Best wishes for the holiday season.
The Senior Leadership Team
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