Debevoise Gets In On The COVID Appreciation Bonus Excitement
But, what'd they decide?
It looks like Kirkland‘s not-so-subtle ploy to try and and convince Biglaw to back away from the special bonuses sweeping the industry isn’t really working. Way back (read: last week) when Cooley started the COVID appreciation bonus game, it wasn’t clear that the rest of Biglaw would follow.
But then Davis Polk got involved with a new standard, one that dwarfed the Cooley scale. The gauntlet was thrown and firms like Milbank, Irell, and Hueston Hennigan got on board. Now with even more firms announcing bonuses of their own, it’s clear that truly elite firms will bow to this peer pressure. And last night, Debevoise & Plimpton decided to announce their own set of COVID appreciation bonuses.
So, what did the firm decide? They’ll be matching the top scale set by David Polk last week. If you haven’t already memorized that grid, no worries. It spans between $7,500 and $40,000, depending on year, as follows:
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Plus, the firm indicated this money won’t change their year-end bonus pool, which they expect to be at least as generous at their 2019 largesse.
You can read the firm’s full announcement on the next page.
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. 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).
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