Davis Polk & Wardwell, Paul Weiss Rifkind Wharton & Garrison, Paul Hastings, and Debevoise & Plimpton will match Cravath’s $115,000 year-end bonus scale and go a step further with a round of special one-time awards, the firms announced Monday.
The special bonuses do not appear to be contingent on billed hours or extraordinary performance and range from $4,000 for the class of 2020 up to $23,000 for senior associates, according to statements obtained by Bloomberg Law.
Combined with year-end bonuses, Davis Polk, Paul Weiss, Paul Hastings, and Debevoise’s senior associates can expect to receive $138,000 in total bonus compensation.
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