In October, when Davis, Polk & Wardwell declared there would be no year-end bonuses, the news struck New York lawyers as a harbinger of woes unimagined in the boom years. Sure enough, layoffs ensued and associates began accepting the idea of minimal or nonexistent bonuses. Then the bonus announcements started coming out. Davis Polk has reversed course, and it looks as if this holiday season the boom-year bonus wars are back.
December 27, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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