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:
- 2021: N/A
- 2020: $4,000
- 2019: $6,000
- 2018: $11,500
- 2017: $15,000
- 2016: $18,000
- 2015: $21,000
- 2014 and senior: $23,000
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