Biglaw bonus season sure is off to a slow start, but things finally seem to be picking up a little bit of speed. Associates had been waiting, hope against hope, to see if any firm would be willing to top what Baker McKenzie and Cravath had offered up.
Davis Polk & Wardwell — the firm that’s become known as Biglaw’s bringer of special bonuses — has now made its year-end bonus announcement. Are there any special treats for associates this time around?
Alas, no. Sorry to dash your dreams of additional bonus bucks, associates. Despite the firm bringing home $1,970,000,000 gross revenue in 2021, it’s merely a match. Here’s the firm’s bonus scale:
- Class of 2022: $15,000 (pro-rated)
- Class of 2021: $20,000
- Class of 2020: $30,000
- Class of 2019: $57,500
- Class of 2018: $75,000
- Class of 2017: $90,000
- Class of 2016: $105,000
- Class of 2015+: $115,000
Associates “in good standing” at the firm will receive their bonuses on December 30, which should make for a very happy new year indeed. Congratulations on your generous bonuses, DPW associates!
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.