Associate compensation at Davis Polk is competitive with that of other major New York firms and is based on the lawyer's class year. For the class of 2010, the starting salary is $160,000.
We do not have a minimum billable hours requirement.
Incoming associate benefits include:
- Relocation expenses, including the cost of moving and storage and a broker's fee of up to $2,500 within six months of arrival at the firm
- A salary advance of up to $7,500 within three months of one's arrival to the firm
- Bar review tuition and fees for bar examination and admission
- Class credit is given in the salary scale for up to two years of clerkship at a U.S. federal or state court or Canadian court, and upon arrival at the firm, eligible clerks receive a bonus of $50,000 for a one-year clerkship and $70,000 for a two-year clerkship or two one-year clerkships.
Associate benefits include:
- Four weeks of vacation (increasing to five weeks after five years of practice)
- Life, business travel accident and disability insurance; 401(k) plan; and commuting benefits
- Health, dental and vision benefits, and flexible medical and dependent care spending accounts
- Subsidized gym membership
- Tuition for mandatory continuing legal education
- Private banking privileges
- Down payment loan assistance program of up to $40,000 repayable over five years
- Matching contributions to law schools
We strongly support associates seeking to balance a professional career with family responsibilities and offer the following family-related benefits and options:
- Health, dental and vision benefits for same-sex or opposite-sex domestic partners
- Maternity leave – up to 18 weeks paid leave
- Paternity leave – up to 10 weeks paid leave
- Part-time, flextime and telecommuting work arrangements
- Emergency child care facilities (located next door to our New York office)
- Emergency home care referral for child care and elder care