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NEWS
Several firms have already matched Cravath, this year’s first mover, but some were waiting to see if another elite firm would do even more.
December 06, 2021 at 09:30 AM
2 minute read
Lawyer Compensation – Law Firm
Davis Polk & Wardwell has entered the annual bonus fray, matching the standard set by Cravath, Swaine & Moore in late November and adding a 20% “special bonus” for the all but the class of 2021, according to a memo obtained by Law.com.
The memo detailed a year-end bonus structure that matches the Cravath scale, which several other firms have followed so far. But Davis Polk also has a “special bonus” section. The special bonus scale is as follows:
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