Davis Polk Enters The Associate Bonus Chat
This Biglaw firm isn't one to be left out of the bonus party.
Historically, there are only a handful of Biglaw firms willing to stick their necks out and raise associate compensation, whether in terms of base salary or bonuses. Davis Polk & Wardwell is one of that small number. So, as the 2024 bonus season heats up, everyone’s wondering what move DPW is going to make.
Like all those firms that have announced bonuses thus far, Davis Polk is matching the numbers established by Milbank.
The full memo is available below, but the increasingly familiar bonus scale is as follows:
- Class of 2024 – $15,000 (pro-rated)
- Class of 2023 – $20,000
- Class of 2022 – $30,000
- Class of 2021 – $57,500
- Class of 2020 – $75,000
- Class of 2019 – $90,000
- Class of 2018 – $105,000
- Class of 2017+ – $115,000
Plus there’s the Milbank special bonus scale, which is also being matched at DPW:
- Class of 2024 – $6,000 (pro-rated)
- Class of 2023 – $6,000
- Class of 2022 – $10,000
- Class of 2021 – $15,000
- Class of 2020 – $20,000
- Class of 2019 – $25,000
- Class of 2018 – $25,000
- Class of 2017+ – $25,000
Bonuses will be paid on December 27.
So is your firm matching *both* the year-end and special bonuses? Let Above the Law know! We depend on your tips to stay on top of important bonus updates, so when your firm matches (or if they fail to do so), please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!
Read the full memo below.
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @[email protected].
