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Vault Message Board: Law

Topic Name: Davis Polk: "No bonuses this year"
Message Name: It's the economy, stupid
Date Posted: 10/09/2001
In Reply To: So the rumor about NO BONUS at DPW is true. Has any other firm followed? This sucks. I'm working harder than I did last year, why should I make less money?
Message: You should make less money this year because your firm's client base will increasingly be sucking air as this recession--or whatever--deepens. From the perspective of a 2nd year at a large firm, I suppose I could complain about the likelihood of not getting a very good bonus despite billing 2200+ hours this year. I focus on the fact that I still have a job, and it makes me feel much better.

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