Davis, Polk and Wardwell
Headquarters: 450 Lexington Avenue
New York, NY 10017
Attorneys: 740
Managing Partner: John Ettinger
Website: http://www.dpw.com
Recruiting Page
Davis, Polk and Wardwell is one of the world's top law firms.
The practice is organized into four departments -- Corporate, Litigation, Tax, and Trusts and Estates. The Corporate Department is further divided into three major practice groups -- Capital Markets, Mergers and Acquisitions, and Credit—as well as a number of specialist groups. The Litigation Department is preeminent in such areas as securities litigation and compliance, white collar criminal defense, products liability and mass torts, antitrust, insolvency and restructuring, professional liability, banking, consumer actions, and directors' and officers' liability.
Davis Polk regularly advises the world’s leading financial institutions across a broad range of corporate, regulatory and litigation issues. Several current representations include the Treasury Department and the Federal Reserve Bank of New York in the $85 billion financing package for AIG; Freddie Mac in the US government’s take over and conservatorship of the company and its commitment to provide Freddie Mac with up to $100 billion in direct financial assistance; and Citigroup in matters pertaining to Lehman’s bankruptcy filing, including serving as one of the principal architects of the $77 billion bank liquidity facility.
The New York office is home to more than 75 percent of the firm's lawyers and handles a significant portion of the work done for clients in the United States and around the world.
New York-based corporate lawyers work on the full spectrum of domestic and international transactions, often as part of an integrated team with colleagues from other U.S. and overseas offices. The Litigation, Tax and Trusts and Estates Departments are based predominantly in New York, but there are also litigators in Menlo Park and tax lawyers in both Menlo Park and London.
The starting salary for new associates in 2008 was $160,000.
The firm was originally founded in 1849.
Benefits
Incoming associate benefits include:
* relocation expenses, including the cost of moving and up to three months of 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
* health, dental and vision benefits for same—sex or opposite—sex domestic partners
* maternity leave—eight weeks paid leave (plus four weeks of parental leave)
* parental leave—four weeks paid leave (birth parents and non-birth parents are entitled to this leave)
* primary caregiver leave—six weeks paid leave (following the birth, adoption or foster care placement of a child)
* part-time and flextime work arrangements
* emergency childcare facilities (located next door to our office)
* emergency home care referral for child care and elder care
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