December 07, 2021
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Law Firms Stalled After Cravath Bonus, but Fall in Line to Follow Davis Polk | The American Lawyer - The American Lawyer

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What You Need to Know

  • More firms are following Davis Polk & Wardwell's bonus scale.
  • This latest round marks the fourth time Davis Polk has set the market in compensation within the past year and a half.

While Cravath, Swaine & Moore kicked off this end-of-year bonus season, Davis Polk & Wardwell’s announcement Monday that it would tack an extra 20% “special bonus” has the rest of Big Law following this compensation leader for the fourth time in the past year and a half.

Davis Polk’s announcement Monday was followed by matches from Debevoise & Plimpton; Paul, Weiss, Rifkind, Wharton & Garrison; Paul Hastings; and Milbank. And on Tuesday, Willkie Farr & Gallagher and Skadden, Arps, Slate, Meagher & Flom also followed.

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source: https://www.law.com/americanlawyer/2021/12/07/law-firms-stalled-after-cravath-bonus-but-fall-in-line-to-follow-davis-polk/

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