Debevoise to Pay Extra Bonuses in ‘Time of Exceptional Demands’

Debevoise & Plimpton’s associates and counsel in the U.S. will receive special bonuses in June and September of this year, as Big Law seeks to reward lawyers for their hard work during Covid-19 and to retain valuable talent.

The dual cash payouts will total between $12,000 and $64,000 depending on the attorney’s seniority, according to a firm memo obtained by Bloomberg Law late Wednesday. This is on par with the totals offered by others over the past week, including fellow Wall Street firms Davis Polk & Wardwell, Milbank, and Paul, Weiss, Rifkind, Wharton & Garrison.

Debevoise’s two ...