While Davis Polk has not differentiated itself on the top or bottom level of the bonus range - $15,000 and $100,000 - it is standing out because it is increasing the rate for some associates in the middle range. This means that associate classes for 2009 to 2011 will have a bonus of between $50,000 and $80,000 - rather than in the $40,000 to $70,000 range offered by Simpson Thacher & Bartlett, the firm seen as setting the benchmark.
Fried Frank
Meanwhile two more firms have declared bonuses that either equal or exceed what Simpson Thacher is offering. These are Fried Frank Harris Shriver & Jacobson and Wilkie Farr & Gallagher. Source: ABA
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