Davis Polk Comes Out On Top As 2020’s Biglaw Bonus Champion
“Back in September, Davis Polk really raised the bar on special bonuses, offering associates up to $40,000 based on class year in recognition of their hard work throughout the pandemic. These bonuses weren’t consequential for Davis Polk associates alone — now almost all firms have adopted the Davis Polk special bonus, lest they be left in the dust when it comes to offering market compensation,” reports Staci Zaretsky in Above the Law’s Biglaw.
“And now, the top 20 Am Law firm that brought about 2020’s bonus big boom has announced its year-end bonuses. Unsurprisingly, the firm has matched the prevailing market rate that was first announced by Baker McKenzie and later echoed by Cravath.”