Historically,
there
are
only
a
handful
of
Biglaw
firms
willing
to
stick
their
necks
out
and
raise
associate
compensation,
whether
in
terms
of
base
salary
or
bonuses.
Davis
Polk
&
Wardwell
is
one
of
that
small
number.
So,
as
the
2024
bonus
season
heats
up,
everyone’s
wondering
what
move
DPW
is
going
to
make.
Like
all
those
firms
that
have
announced
bonuses
thus
far,
Davis
Polk
is
matching
the
numbers
established
by
Milbank.
The
full
memo
is
available
below,
but
the
increasingly
familiar
bonus
scale
is
as
follows:
-
Class
of
2024
–
$15,000
(pro-rated) -
Class
of
2023
–
$20,000 -
Class
of
2022
–
$30,000 -
Class
of
2021
–
$57,500 -
Class
of
2020
–
$75,000 -
Class
of
2019
–
$90,000 -
Class
of
2018
–
$105,000 -
Class
of
2017+
–
$115,000
Plus
there’s
the
Milbank
special
bonus
scale,
which
is
also
being
matched
at
DPW:
-
Class
of
2024
–
$6,000
(pro-rated) -
Class
of
2023
–
$6,000 -
Class
of
2022
–
$10,000 -
Class
of
2021
–
$15,000 -
Class
of
2020
–
$20,000 -
Class
of
2019
–
$25,000 -
Class
of
2018
–
$25,000 -
Class
of
2017+
–
$25,000
Bonuses
will
be
paid
on
December
27.
So
is
your
firm
matching
*both*
the
year-end
and
special
bonuses?
Let
Above
the
Law
know!
We
depend
on
your
tips
to
stay
on
top
of
important
bonus
updates,
so
when
your
firm
matches
(or
if
they
fail
to
do
so),
please
text
us
(646-820-8477)
or
email
us (subject
line:
“[Firm
Name]
Matches”).
Please
include
the
memo
if
available.
You
can
take
a
photo
of
the
memo
and
send
it
via
text
or
email
if
you
don’t
want
to
forward
the
original
PDF
or
Word
file.
And
if
you’d
like
to
sign
up
for
ATL’s
Bonus
Alerts
(which
is
the
alert
list
we
also
use
for
salary
announcements),
please
scroll
down
and
enter
your
email
address
in
the
box
below
this
post.
If
you
previously
signed
up
for
the
bonus
alerts,
you
don’t
need
to
do
anything.
You’ll
receive
an
email
notification
within
minutes
of
each
bonus
announcement
that
we
publish.
Thanks
for
all
of
your
help!
Read
the
full
memo
below.
Kathryn
Rubino
is
a
Senior
Editor
at
Above
the
Law,
host
of
The
Jabot
podcast,
and
co-host
of
Thinking
Like
A
Lawyer.
AtL
tipsters
are
the
best,
so
please
connect
with
her.
Feel
free
to
email
her
with
any
tips,
questions,
or
comments
and
follow
her
on
Twitter
@Kathryn1 or
Mastodon
@[email protected].
Chris
Associates