The New Normal Sinking In As More Firms Join Davis Polk With $205K Scale
Another firm joins the new new scale.
To think we spent a hot second wondering if the market would follow Milbank to $200K. As it turned out, the market was more than ready to jump up to $205K.
Dechert has now joined Davis Polk at the new scale in an email sent to associates this afternoon. The jump also kicks in on July 1.
The subject heading is “Associate Compensation and Extraordinary Bonus Announcement.” Tipsters report some bonuses for 2200+ hours and 2400+ hours, though we don’t have those laid out in the screenshot.
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But they’re apparently extraordinary!
(EDIT: Scratch that, we have the complete memo now… though it’s a little harder to read)
Please help us help you when it comes to salary news at other firms. As soon as your firm’s memo comes out, please email it to us (subject line: “[Firm Name] Salary”) or text us (646-820-8477). 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.
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Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.
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